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Interest Rates

When money is loaned out, the customer pays the loan back with a fee. The fee is predetermined at a specific rate. This is called an interest rate.

869 Questions

How do you convert diminishing rate of interest to flat rate of interest?

Converting the flat rate of interest to diminishing rate and vice versa takes into account the payments the loan entails. Flat interest rates reflect the amount of interest you will pay if no payments over time are made. Diminishing interest rate factors in that after a payment is made, your over all loan balance will be less, there for your next payment will have slightly less principal balance for interest to be calculated on.

Is it better to pay off a credit card with a low interest rate first or a second card with a higher interest rate?

Of the two - you're better off paying the higher-rate card first. If you spread the cost of the higher-rate card over a loinger period - you'll pay more interest, than if you pay the same instalments to the lower-rate card.

How do you figure the interest rate percentage on a 144000 when you receive 3357.15 a year interest?

To find the interest rate percentage, divide the annual interest amount by the principal amount and then multiply by 100. In this case, the calculation would be ( \frac{3357.15}{144000} \times 100 ). This results in an interest rate of approximately 2.33%.

How do you calculate the interest rate when principal amount and maturity value are given?

To calculate the interest rate when the principal amount and maturity value are given, you can use the formula:

[ \text{Interest Rate} = \left( \frac{\text{Maturity Value} - \text{Principal}}{\text{Principal}} \right) \times \frac{1}{t} ]

where ( t ) is the time period in years. Rearranging this, you can find the interest earned and then divide by the principal and the time to get the annual interest rate.

What site is good for you to compare credit card interest rates?

My Credit Union, Money Supermarket, and Bankrate are three very reliable online sources to visit when you are researching and comparing credit card interest rates.

What are the interest rates offered by City National Bank?

City National Bank offers rates from 0.10% all the way to 0.70% depending on the product and balance chosen. Most rates are around 0.10% or 0.15% though.

What are the interest rates available for a Citibank CD?

Interest rates for Certificate of Deposit through Citibank vary depending on the length of term. 3 month to 5 month offers a 0.05% interest. This increases to 0.50% at the 5 year mark.

What is the certificate of deposit interest rate?

Each bank that charges interest for a certificate of deposit is going to charge differently. This question does not specifically mention the bank. The average interest rate, is around 1.000%.

How much are the business interest rates?

Business interest rates vary depending on many factors. The biggest being where the business is located, what type of interest one looking at and the business itself. Business loans can average around 7%, where as interest on their investments can start at less than 1%.

What is the interest rate on the BP Visa credit card?

The interest rate on the BP Visa Credit card can range depending on the type of APR relevant to you. The interest rates can range from 19.24% to 29.99%.

Are the Cashnet loan interest rates competitive?

The Cashnet loan interests vary. The rates vary depending on the applicant and the applicant's credit history. The better your credit, the lower your rates are. You might also get a cheaper rate if you have little or no credit so that way you can rebuild/build your credit.

How does one calculate the interest rate on a loan?

Calculating the interest rate on a loan isn't that difficult. A person will need to take the principal amount and multiply it by the term of the loan and the annual percentage rate.

Where can you get credit cards with low interest rates?

One can get credit cards with low interest rates from a number of companies including Capital One, Barclays and Tesco. One can use price comparison sites like Money Supermarket and Compare the Market to find the lowest rates.

What is the interest rate of a Citibank Mastercard?

The interest rate of Citibank mastercard is 5 cents, so people can pay their loan and pay for tissue papers to wipe their bum until its all nice and clean. Then that's the end of the world.

Where can one find information for highest interest on savings accounts?

You can find information for highest interest on savings accounts online at the Bankrate website. Once on the website, click on "Checking & Savings" in the top navigation menu and use the included tools on the page to find the best rates.

Where could a person compare the interest rates offered by ISA saving accounts?

The best places to find this type of information are going to be on websites like Forbes or Money Supermarket. Otherwise, a person will just have to shop around at various banking institutions.

What is the lowest home loan interest rate available?

The lowest home loan interest rates available are changing all the time, however by looking at MoneySupermarket, the lowest home loan interest rate is given by Sainsbury's Bank, with a Representative APR of just 4.9%.

Where can a saving interest rate table be located online?

There are many different places where one could find a savings interest rate table online. Websites like Canstar, thisismoney, or InfoChoice offer these kind of tables.

Where can one find the highest savings interest rates?

One can find the highest savings interest rates by going to the Savings Accounts website. The website has a list of the top 10 Savings Accounts that have high interest rates.

What are the interest rates on a USA payday loan?

The interest rates on USA payday loans are usually around 15% interest every two weeks. If you are looking for this measure in APR, it comes out to an APR of around 390%.

Where can one go to compare home loan interest rates?

There are a few websites that offer one the ability to compare home loan interest rates. "Quicken Loans" and "Bankrate" are two examples of websites which provide this service.