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Calculate the annual interest rate on a credit card if the monthly interest is 1.2 percent?
14.4%
How much is monthly interest on 150000 at 3 percent?
To calculate the monthly interest on $150,000 at an annual interest rate of 3 percent, first convert the annual rate to a monthly rate by dividing by 12. This gives a monthly rate of 0.25 percent (3% ÷ 12). Then, multiply the principal amount by the monthly rate: $150,000 × 0.0025 = $375. Therefore, the monthly interest is $375.
How much monthly interest would you make from 50000 at 3 percent interest?
To calculate the monthly interest from an investment of $50,000 at a 3% annual interest rate, you first divide the annual rate by 12 months. This gives you a monthly interest rate of 0.25% (3% ÷ 12). Multiplying this monthly rate by the principal amount ($50,000) results in a monthly interest of $125.
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
What is monthly interest if balance is 20500 at interest rate of 6.5 percent?
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
Calculate the annual interest rate on a credit card if the monthly interest is 1.2 percent?
14.4%
How much is monthly interest on 150000 at 3 percent?
To calculate the monthly interest on $150,000 at an annual interest rate of 3 percent, first convert the annual rate to a monthly rate by dividing by 12. This gives a monthly rate of 0.25 percent (3% ÷ 12). Then, multiply the principal amount by the monthly rate: $150,000 × 0.0025 = $375. Therefore, the monthly interest is $375.
What does 2 percent monthly interest translate to in annual interest?
Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%
How much monthly interest would you make from 50000 at 3 percent interest?
To calculate the monthly interest from an investment of $50,000 at a 3% annual interest rate, you first divide the annual rate by 12 months. This gives you a monthly interest rate of 0.25% (3% ÷ 12). Multiplying this monthly rate by the principal amount ($50,000) results in a monthly interest of $125.
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
What is monthly interest payment on a 10000 loan for 5 years at 12 percent interest?
The monthly interest is 100.
What is the monthly interest on 20000000 if the interest rate is 5 percent?
90,000
What is the monthly interest rate on 18 percent annual rate?
1.5% monthly
What is monthly interest if balance is 20500 at interest rate of 6.5 percent?
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
What is interest at 6.7 percent on 6000 per month?
To calculate the interest on $6,000 at an annual rate of 6.7%, you first need to determine the monthly interest rate, which is 6.7% divided by 12, equaling approximately 0.5583% per month. Multiplying this monthly rate by $6,000 gives you about $33.50 in interest for one month.
Monthly interest rate is 1.6 percent what is the APR?
19.2
What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
