$6.66
If you invested 7580 and after 5 years you have 3126.75 then the annual interest rate is negative. It is -16.23%.
(Face Value of Note) x (Annual Interest Rate) x (Time in Terms of One Year) = Interest
200
8
Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest
The true annual rate of charged interest is called the annual percentage yield. It is the interest charged and compounded against.
Annual Interest Rate divided by 12= Monthly Interest Rate
62
75
I suspect that it will be 6.3!
Devon has a lil dick
2.25
Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%
2.25
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
Lloyds TSB Banking pays annual interest plus a bonus. It illustrates what the interest rate would be if interest was paid and compounded once each year.