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Credit Card APR
hyndlegs
Posts: 86 Forumite
in Credit cards
Hi,
A silly question I know, but if a credit card is charging 6.9% APR for the life of the balance, how do you work out the monthly interest ?
Many Thanks in advance
A silly question I know, but if a credit card is charging 6.9% APR for the life of the balance, how do you work out the monthly interest ?
Many Thanks in advance
0
Comments
-
Use one of the many calculators available. Here's one...
http://www.stoozing.com/mon2yr.htm
None of them will be 100% accurate, due to the number of days in a month, or more accurately statement cycle, but it'll be close enough.0
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