Register

If the interest rate is 10% a month what is the annual rate? 213.8?

If the interest rate is 10% a month what is the annual rate? 213.8?
132k views
3 votes
If the interest rate is 10% a month what is the annual rate? 213.8?

User Harsh Verma
by
8.7k points

1 Answer

4 votes
on month -------- 10%
12 month ---------- x %
-------------------------------
x = 12*10/1 = 12*10 = 120%
User Sirandy
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!