0
What else can I help you with?
Calculate the monthly interest rate for a credit card with an annual interest rate of 15.5?
To calculate the monthly interest rate from an annual interest rate of 15.5%, divide the annual rate by 12. Thus, the monthly interest rate is 15.5% ÷ 12 = 1.2917%. This means the monthly interest rate is approximately 1.29%.
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
Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2.?
14.4 %. A+
How much monthly interest would you make from 50000 at 3 percent interest?
To calculate the monthly interest from an investment of $50,000 at a 3% annual interest rate, you first divide the annual rate by 12 months. This gives you a monthly interest rate of 0.25% (3% ÷ 12). Multiplying this monthly rate by the principal amount ($50,000) results in a monthly interest of $125.
Calculate the annual interest rate on a credit card if the monthly interest is 1.2 percent?
14.4%
Calculate the monthly interest rate for a credit card with an annual interest rate of 15.5?
To calculate the monthly interest rate from an annual interest rate of 15.5%, divide the annual rate by 12. Thus, the monthly interest rate is 15.5% ÷ 12 = 1.2917%. This means the monthly interest rate is approximately 1.29%.
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
How can I calculate the monthly interest rate on a loan or investment?
To calculate the monthly interest rate on a loan or investment, divide the annual interest rate by 12. This will give you the monthly interest rate that is applied to the loan or investment.
Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2.?
14.4 %. A+
How to convert a monthly interest rate to an annual interest rate?
To convert a monthly interest rate to an annual interest rate, you can multiply the monthly rate by 12. This will give you the annual interest rate.
What does 2 percent monthly interest translate to in annual interest?
Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%
How can I convert an annual interest rate to a monthly interest rate?
To convert an annual interest rate to a monthly interest rate, divide the annual rate by 12. This will give you the equivalent monthly rate.
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 much monthly interest would you make from 50000 at 3 percent interest?
To calculate the monthly interest from an investment of $50,000 at a 3% annual interest rate, you first divide the annual rate by 12 months. This gives you a monthly interest rate of 0.25% (3% ÷ 12). Multiplying this monthly rate by the principal amount ($50,000) results in a monthly interest of $125.
Calculate the annual interest rate on a credit card if the monthly interest is 1.2 percent?
14.4%
How much is monthly interest on 150000 at 3 percent?
To calculate the monthly interest on $150,000 at an annual interest rate of 3 percent, first convert the annual rate to a monthly rate by dividing by 12. This gives a monthly rate of 0.25 percent (3% ÷ 12). Then, multiply the principal amount by the monthly rate: $150,000 × 0.0025 = $375. Therefore, the monthly interest is $375.
What is the annual interest on a 20000 loan when monthly interest payments are 141.66 on the full amount?
To find the annual interest rate on a $20,000 loan with monthly interest payments of $141.66, first calculate the total annual interest by multiplying the monthly payment by 12. This results in an annual interest of $1,699.92. To find the interest rate, divide this amount by the loan amount ($20,000) and then multiply by 100 to express it as a percentage. The annual interest rate is approximately 8.5%.
