kkkkkkk1350 kkkkkkk1350
  • 03-04-2019
  • Mathematics
contestada

What is the monthly interest rate corresponding to 24% APR with a debt of $10000

Respuesta :

MrsSeifried MrsSeifried
  • 03-04-2019

Answer: 2%

Step-by-step explanation: The APR is the annual percentage rate, which is the amount of interest that you pay in one year. In order to calculate the monthly rate you divide the annual rate by 12 months. 24% / 12 months = 2%

Answer Link

Otras preguntas

If 3x – 10 = 17, what is the value of 6x + 20 ?
If 3x – 10 = 17, what is the value of 6x + 20 ?
which number is 100 less than 38 tens
The Earth has a radius of 6,400 kilometers. A satellite orbits the Earth at a distance of 12,800 kilometers from the center of the Earth. If the weight of the s
What is twenty percent off 600 hundred pounds
Lauren bought 20 ounces of sliced ham. she used 3/4 of the ham to make sandwiches for her friends and 1/5 of the ham in an omelet. how many ounces of ham were l
How long does water evaporation take? What factors influence it?
A rectangle has an area of 30 square units and a perimeter of 34 meters.what are the dimensions of this rectangle
What are the three branches of government?
In Latin America, what did land reform accomplish?