+0  
 
0
50
2
avatar

what would be the interest rate of 10% apr?

Guest Mar 7, 2017
Sort: 

2+0 Answers

 #1
avatar
0

You have to state the frequency of compounding. Is it daily, weekly, monthly, quarterly, semi-annually, annually, continuously......etc., in order to find the "effective rate".

Guest Mar 7, 2017
 #2
avatar
0

If you want to use it in an equation, 10% in equation form is 0.10

 

... because 10% is out of 100% making that .10

Guest Mar 7, 2017

17 Online Users

avatar
avatar
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.  See details