Nominal and effective interest rates
Convert 12.7% per annum to daily (correct to three significant figures)
0,0348%
Convert 3.6% p.a. to a fortnightly rate
0.138% (3d.p)
Convert 7.4% per annum to weekly (correct to three significant figures)
0.142%
Convert 6.2% per annum to fortnightly (correct to three significant figures)
0.238%
Convert 3.6% p.a to a monthly rate
0.3 %
Convert 3.6% p.a. to a quarterly rate
0.9%
Use your calculator to determine the effective annual interest rate(correct to two decimal places) for the nominal rate of 12.5% compounding quarterly
13.10%
Convert 8.3% per annum to quarterly (correct to three significant figures)
2.08%
Use your calculator to determine the effective annual interest rate(correct to two decimal places) for the nominal rate of 4.8% compounding weekly
4.91%
What is the effective interest rate for an investment of $5000 at annual interest rate of 4.8% when compounded monthly?
4.91%
Convert 1.45% quarterly interest rate to an annual interest rate
5.8%
Use your calculator to determine the effective annual interest rate(correct to two decimal places) for the nominal rate of 6.2% compounding monthly
6.38%
Convert 0.54% monthly interest rate to an annual interest rate
6.48%
Use your calculator to determine the effective annual interest rate(correct to two decimal places) for the nominal rate of 7.5% compounding every 6 months(half yearly)
7.64%
Use your calculator to determine the effective annual interest rate(correct to two decimal places) for the nominal rate of 8.4% per annum compounding daily
8.76%
6.13%
Calculate effective interest rate for an investment at 5.95% per annum compounding weekly , using the formula (as per image)
6.14 %
Calculate effective interest rate for an investment at 6% per annum compounding quarterly
4.594%
Use your calculator to calculate effective interest rate of 4.5% per annum, compounding monthly