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If you owe 1000 on your visa card at 12 annual percentage rate how much interest will you pay a year?
Wiki User
∙ 15y ago
depend on how much you are paying monthly. however if your balance were to stay at 1000 it would be 120 a year.
Wiki User
∙ 15y ago
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What is the interest rate for Lowes credit card?
The annual percentage rate for a Lowes credit card is 21.99 percent. The APR for a Lowes Project card is 7.99-17.99 percent. The percentage variable is based off credit qualifications.
What does APR on a credit card mean?
APR = Annual Percentage Rate. It's the amount of interest charged over a 12-month period.
What is the annual fee for an amazon credit card?
There is no annual fee for an Amazon credit card, but interest rates can be quite high. Rewards are offered that do not offset the higher interest rate
What credit card has the highest annual percentage rate?
visa
What is the annual percentage rate for a Discover credit card?
3.92%
What is annual interest?
Annual interest is interest that accumulates every year. This is a predetermined percentage that is added to a loan or credit card payment.
What is prime APR?
APR stands for Annual Percentage Rate or percentage of interest a company charges you on a 12 month basis for a balance on their card.
What is the interest rate for Lowes credit card?
The annual percentage rate for a Lowes credit card is 21.99 percent. The APR for a Lowes Project card is 7.99-17.99 percent. The percentage variable is based off credit qualifications.
What does APR on a credit card mean?
APR = Annual Percentage Rate. It's the amount of interest charged over a 12-month period.
What does APR stand for on a credit card?
APR stands for Annual Percentage Rate. It's the amount of interest you pay each year on the outstanding balance.
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%.
What is the annual fee for an amazon credit card?
There is no annual fee for an Amazon credit card, but interest rates can be quite high. Rewards are offered that do not offset the higher interest rate
Is the APR on credit cards the same as compound interest?
Credit card APR is the annual percentage rate of interest that a credit card holder is charged on all of or a portion of their account balance, when the full amount hasn't been paid on or before its due date; the APR meaning the annual percentage rate often includes any fees that are charged up front in the obtaining of a loan, counting that cost as well as the compounded interest in the conversion to the equivalent rate!
Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2.?
14.4 %. A+
What is the monthly interest rate if the annual interest rate on a credit card is 21 percent?
1.75%
Calculate the annual interest rate on a credit card if the monthly interest is 1.2 percent?
14.4%
What does APR stand for in reference to a credit card?
APR stands for annual percentage rate in reference to a credit card. An annual percentage rate is the rate companies or banks charge when one uses a credit card.
