Asked by Nek

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

8 years ago

Answered by Steve

well, how many months in a year?

8 years ago

Answered by Nek

8 years ago

Answered by Steve

so, divide the annual rate by 12 to get the monthly rate.

8 years ago

There are no AI answers yet. The ability to request AI answers is coming soon!

Submit Your Answer

We prioritize human answers over AI answers.

If you are human, and you can answer this question, please submit your answer.