topic badge

Credit Cards

Interactive practice questions

Calculate the equivalent annual rate of interest when the daily rate is $0.047%$0.047%.

(Assume that there are 365 days in a year)

Write your answer as a percentage to two decimal places .

Easy
1min

Calculate the equivalent annual rate of interest when the monthly rate is $0.2%$0.2% .

Write your answer as a percentage to two decimal places .

Easy
< 1min

Calculate the equivalent annual rate of interest when the quarterly rate is $0.177%$0.177%.

Write your answer as a percentage to two decimal places.

Easy
< 1min

Calculate the equivalent annual rate of interest when the semiannual rate is $0.04%$0.04%.

Write your answer as a percentage to two decimal places.

Easy
< 1min
Sign up to access Practice Questions
Get full access to our content with a Mathspace account

Outcomes

MS1-12-5

makes informed decisions about financial situations likely to be encountered post

What is Mathspace

About Mathspace