Interest and Borrowing

Hong Kong

Stage 1 - Stage 3

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

Approx a minute

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 .

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.

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.

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