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If the daily interest rate is 3.50 percent what is the annual interest rate?
3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
How much daily interest on billion?
To calculate daily interest on a billion dollars, you need the annual interest rate. For example, at a 5% annual interest rate, the daily interest would be approximately $137,000, calculated as follows: $1,000,000,000 x (5% / 365). This means the actual daily interest varies based on the interest rate applied.
What is the daily interst on the annual rate of 17.7 percent?
If the interest is compounded on a daily basis, for 365 days, the equivalent rate is 0.04466 per cent.
Calculate the daily interest on a annual rate of 17.7?
0.04849 %
What is will 6000 for 6 years at 8½ percent compounded daily grow to?
If the annual equivalent rate of interest is 8.5 percent then it makes no difference how frequently it is compounded. The amount will grow to 9788.81 On the other hand 8.5 percent interest daily is equivalent to 8.7 trillion percent annually! If my calculation is correct, after 6 years the amount will have grown to 2.85*10198 (NB 10200 = googol squared).
Daily interest rate on annual rate of 17.7 percent?
If the interest is simple exact interest, the answer is 17.7/365 = 0.0485 daily percent interest, to the justified number of significant digits.
If the daily interest rate is 3.50 percent what is the annual interest rate?
3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
Calculate the daily interest rate on an annual rate of 17.7 percent?
0.04849%
What would the daily interest rate on an annual rate of 18.4 percent?
0.050410958904109589041095890410959%
How much daily interest on billion?
To calculate daily interest on a billion dollars, you need the annual interest rate. For example, at a 5% annual interest rate, the daily interest would be approximately $137,000, calculated as follows: $1,000,000,000 x (5% / 365). This means the actual daily interest varies based on the interest rate applied.
What is the daily interst on the annual rate of 17.7 percent?
If the interest is compounded on a daily basis, for 365 days, the equivalent rate is 0.04466 per cent.
Calculate the daily interest on a annual rate of 17.7?
0.04849 %
What is the formula to calculate the annual return based on the daily return of an investment?
To calculate the annual return based on the daily return of an investment, you can use the formula: Annual Return (1 Daily Return)365 - 1.
How can I calculate the daily interest rate for a financial investment?
To calculate the daily interest rate for a financial investment, divide the annual interest rate by 365 (the number of days in a year). This will give you the daily interest rate.
What is will 6000 for 6 years at 8½ percent compounded daily grow to?
If the annual equivalent rate of interest is 8.5 percent then it makes no difference how frequently it is compounded. The amount will grow to 9788.81 On the other hand 8.5 percent interest daily is equivalent to 8.7 trillion percent annually! If my calculation is correct, after 6 years the amount will have grown to 2.85*10198 (NB 10200 = googol squared).
If an account balance is being charged 1 percent interest per week is this the same thing as saying 52 percent per year. What is the equation for finding the true annual rate of interest?
No if the account earns interest daily, it's earning interest on interest essentially. So if you have $100 and you earn 1% interest, you would have $101 dollars the next day and earn 1.01 dollars in interest, and so on.
What is the effective annual rate for a credit card with a 9.9 percent annual percentage rate that is compounded daily?
The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.
