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.
2.75 percent
Assuming that the interest rate is 9.75% per year, the answer will depend on how often the interest is compounded.
0.04849%
0.67 percent
The Discover Student More card offers and introductory 0 percent interest rate for up to 6 months. After that, the interest rate is variable at 13 percent on up to 20 percent for purchases.
1168.21
Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%
3 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.
$1.25
$60.00
1/12th of 5% because there are 12 months in a year. ANSWER:- 1/60th per cent, which is the same as 0.01667 of the amount invested.
1.5% monthly
To find interest rate you multiply the price by the time by the percent
As of today, there was no one set interest rate in 1968. On a CD, the interest rate averaged between 5.53 percent and 6.39 percent in 1968. The 2013 rates on CDs are only 1.0 - 1.5 percent.
According to "The Telegraph," the UK interest rate is currently at 0.5 percent. "The Telegraph is also predicting that the interest rate will remain at 0.5 percent for the next 4 years.