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Calculate the daily interest on an annual rate of 18 percent?
it depends on wheather the interest is simple or compound also you should tell me how much money you put in the bank to begin with but lets calculate the interest on one dollar : if it is simple interest then: I=P*R*T where T is in years =1*18/100*1/360 interest on one dollar principal is 0.0005 $ if it is compound interest then: I= P*(R+1)^T-p =0.00046 which is about the same as the simple interest one multiply my answer by the amount that you put into the bank origonally to find out ur interest hope i helped
How much would 500 invested at 5 percent interest compounded continuously be worth after 8 years?
"Compounded continuously" is a meaningless phrase ... we hope your bank or broker didn't quote it to you that way. In order to calculate a future value, you absolutely have to know how often the compounding takes place ... annually, daily, hourly, etc. ? The best compounding you're going to see is 'daily', so let's do it that way. If the actual compounding is any less frequent than 'daily', the actual value will be less than what we're about to calculate: 5 percent annual interest rate = (5/365) = 0.0136986 percent daily (rounded). (1.000136986)(365 x 8) = 1.4917838 (rounded) That's the value of $1 invested at 5% compounded daily for 8 years. Your $500 would become ($500 x 1.4917838) = $745.89
What is APR of 14.8 percent interest compounded daily?
14.8 percent, compounded daily, is approx 7.565 sextillion for a year (8.684 sextillion for a leap year).
What is the formula used to calculate 8.5 percent interest on a credit card with a balance of five hundred dollars?
Credit card companies use several methods to calculate interest. There can be one or two billing cycles per month. Interest can be charged on the daily balance, new purchases, etc. You should refer to the "How finance charges are calculated" section of you billing statement.
In how many years your amount will be double if rate of interest is 10 percent annually in compound interest?
Approximately 7 years. The general rule is to divide 70 by the interest rate to get an approximation of how long it will take to double. If the interest is compounded annual you will have $194.88 after 7 years, and $214.37 after 8 years. Though if interest is compounded more regularly (ie. monthly or daily) this will grow at a slightly faster rate.
Calculate the daily interest on a annual rate of 17.7?
0.04849 %
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.)
What would the daily interest rate on an annual rate of 18.4 percent?
0.050410958904109589041095890410959%
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.
What is the daily interest rate if the annual interest rate is 16.75 percent based on 365 days in the year?
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.
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).
Calculate the daily interest on an annual rate of 18 percent?
it depends on wheather the interest is simple or compound also you should tell me how much money you put in the bank to begin with but lets calculate the interest on one dollar : if it is simple interest then: I=P*R*T where T is in years =1*18/100*1/360 interest on one dollar principal is 0.0005 $ if it is compound interest then: I= P*(R+1)^T-p =0.00046 which is about the same as the simple interest one multiply my answer by the amount that you put into the bank origonally to find out ur interest hope i helped
How do you calculate average daily sales?
annual sales*(1/365)
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%.
How much interest daily 1 million dollar?
The answer will depend on the interest rate. Multiply the annual interest rate (in percentage terms), by 10000/365
