Discrete Functions - Finance
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
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