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16 is 8 percent of 200. Given: Percentage = 16 ; Rate = 8% Find: Base Formula: Base = Percentage/Rate Solution: Base = 16/8% = 16/0.08 = 200
To find the base, percentage and rateperce ntage = base * rate (rate in decimal)base = percentage/rate (rate in decimal)rate = percentage/base * 100%Example:Base = 10Percentage = 2Rate?Rate = 2/10 * 100% = 20%
Average Transient Rate
base = 260 base = percentage/ rate = 65/0.25 = 260
To calculate CD interest rate, all you have to do is to just multiply the principal amount you have invested in CD with interest rate. If u want to calculate for the monthly interest then divide the resultant with 12.