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Though there are a lot of Internationally certified companies backing this rate, the best bet is still probably the federal interest reserve.
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∙ 15y ago
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What is the formula to calculate monthly interest rate if the annual interest rate is known?
Annual Interest Rate divided by 12= Monthly Interest Rate
Where can one find high interest rate savings accounts?
One can find highest interest rate savings accounts in the following; United Bank UK has 2% rate interest, Bank of Baroda has 1.90% fixed interest, and Barclays has 1.30% and .50% bonus for 12 months which is variable.
How do you convert annual interest rate to monthly?
Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest
How do you calculate monthly interest rate on an annual interest rate?
If not compounded monthly, a monthly interest rate is simply 1/12 of the annual rate. Things do get complicated, though if the interest is compounded monthly. An annual interest rate of R% is equivalent to a monthly rate of 100*[(1 + R/100)^(1/12) - 1] %
How much interest per month on a 40000 note at 4 percent?
I = prt <-- formula for simple interest, but the rate must be the monthly rate for your problem. Per month means one month (time, t) 4% = 0.04 is an anual interest rate .... monthly rate (r) = 0.04/12 so... I = 40,000 x 0.04/12 x 1 --- multiply and divide to get the answer. Another way: find anual interest, then divide by 12 for monthly interest.
What is the best CD rate in the Mooresville area on a 12 month CD for 50,000.00.?
You can find a CD rate for 13% percent for 12 months.
How much interest dose 90 thousand make a week?
depends on the interest rate....multiply 90,000 X interest rate 12% (example)
At a certain rate of compound interest rs 15320 becomes rs 30640 in 6 years what is the rate of interest?
12%
What will my interest rate be with a credit score of 593?
12%
How can you calculate your CD interest rate?
To calculate CD interest rate, all you have to do is to just multiply the principal amount you have invested in CD with interest rate. If u want to calculate for the monthly interest then divide the resultant with 12.
What is the highest allowable interest rate for used card in Iowa?
IOWA, the legal rate of interest is 10%. In general consumer transactions are governed at a maximum rate of 12%.
What bank interest do you get on 12 billion?
Ask the bank how much yearly interest they give you, then multiply that by the 12 billion and divide by 100. Interest = capital x (interest rate / 100).
