0
Add your answer:
Earn +20 ptsQ: What is the monthly interest rate if the annual interest rate is 18 percent?
Write your answer...
Submit
Still have questions?
Continue Learning about Math & Arithmetic
What is the monthly interest rate if the annual interest rate on a credit card is 21 percent?
1.75%
What is monthly interest if balance is 20500 at interest rate of 6.5 percent?
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
If Dexter pays a monthly interest rate of 1.9 percent what is his annual percent rate?
22.8 or 22.80
Calculate the annual interest rate on a credit card if the monthly interest is 1.2 percent?
14.4%
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
Related questions
What is the monthly interest rate on 18 percent annual rate?
1.5% monthly
What is the monthly interest rate if the annual interest rate on a credit card is 21 percent?
1.75%
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%
What is monthly interest if balance is 20500 at interest rate of 6.5 percent?
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
If Camon has a 21 percent annual interest rate what is his monthly interest rate?
1 3/4%
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
What if Dexter pays a monthly interest rate of 1.9 percent what is his annual percent rate?
22.8 or 22.80
If Dexter pays a monthly interest rate of 1.9 percent what is his annual percent rate?
22.8 or 22.80
What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
Calculate the annual interest rate on a credit card if the monthly interest is 1.2 percent?
14.4%
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
What is the monthly interest rate of and annual 10 percent rate?
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.