Assuming 30 Days and 4% interest in a month
That is 4% / 30 = daily interest
Compound in 30 days = (100% + 4%) to the power 30
Times the amount
A bit over 4% straight.
This would be 4.078 APR except if you have transaction costs
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If the interest is compounded on a daily basis, for 365 days, the equivalent rate is 0.04466 per cent.
If the interest rate yearly is 16.75% then the daily interest rate will be 16.75%. The daily, weekly, monthly, or hourly rate doesn't change from one time frame to the next.
13% daily is worse than any loan shark!Suppose it takes n days, then38500 = 19000*(1 + 13/100)n= 19000*(1.13)nSo 38500/19000 = 1.13nln(38500/19000) = n*ln(1.13)so that n = ln(38500/19000) / ln(1.13) = 5.78So 6 days.
274 years. If there are 365 days in a year, just divide 100000 by 365. The answer is 274 years.
Annual: 176.23 Semiannually : 179.08 Quarterly: 180.61 Monthly: 181.67 Daily: 182.19 (assuming 365.25 days per year, on average).