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Earn +20 ptsQ: What is the interest rate of 7 percent within a 6 months time?
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What is the simple interest the rate if the interest is 1210 the principle is 15000 and the time is 11 months?
The formula for interest is I = rtP. Then r = I/tP, where t = 11/12. This calculates to a simple interest rate of 8.8 percent.
Which interest rate is cheaper 3.13 percent or 2.75 percent?
2.75 percent
What is your monthly interest rate at 9.75 percent on 365.00?
Assuming that the interest rate is 9.75% per year, the answer will depend on how often the interest is compounded.
Calculate the daily interest rate on an annual rate of 17.7 percent?
0.04849%
What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
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