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1.5% monthly
if .65 is annual rate.. and you are calculating annual interest.. then 75000*.65/100 = 487.5 annual intrest just make sure the interest rate and period should be same. for example you need to calculate monthly intrest from above equation then u have to divide your answer by 12 487.5/12 = 40.625 monthly intrest
1.75%. A+
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 interest is compounded monthly, as on a revolving credit card or an investmentwhere monthly compounding is expressly stated, then the interest at the end of eachmonth should be 1.05% .It will compound monthly ... guaranteed ... on a revolving debt; that is, whereyou owe somebody else money. But where somebody else owes you money,don't assume that there's any compounding at intervals of any less than a year,unless it's clearly stated in so many words. If it only says "12.6 percent annually",then your money could lay there for 364 days without earning a dime.
0.67 percent
1.5% monthly
1.5% monthly
Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%
3
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
1.75%
14.4%
6.485% (rounded)
1 3/4%
22.8 or 22.80
22.8 or 22.80