Ask a New Question

Question

a loan shark charges 81.5% APR. What is this as a percent per month?
8 years ago

Answers

Steve
well, how many months in a year?
8 years ago
Nek
12
8 years ago
Steve
so, divide the annual rate by 12 to get the monthly rate.
8 years ago

Related Questions

Term of Loan/Date of Loan using Banker's Rule? I need helps in solving this question. I have to sub... In the poem "The shark " by John Ciardi what effect does the repeating of the phrase "one dark thoug... A loan company charges $20 interest for a two-month loan of $325. Find the annual interest rate (APR... Shark wireless charges 2 cents per text with a $25 monthly fee while Nova cellular charges 4 cents... A payday loan company charges a $30 fee for a $550 payday loan that will be repaid in 15 days. Treat... shark How much energy does a shark get from the sun 1. The gummy shark, also known as Mustelus antarcticus, is a species of shark found in the waters of... Shark Bay, Australia is the home of the world's largest plant which spans around 111 miles. When sci... Shark Smiles 1 Sharks are often thought of as big and scary creatures. This might be beca...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use