Help needed with interest calculations

nic011

Hi!

I am hoping someone can help confirm roughly how much interest I would pay on the following:

As an existing barclaycard customer b/t rate according to website is 6.9% pa.

Assuming I transfer £3000 after I have paid my current bill off in full and the then not spend on it and then make minimum payments each month (hopefully more some months) how much interest am I likely to accumulate monthly?

Is it possible to work this out?

Thanks

tomstickland

annual rate % / 1200 * balance = monthly interest payment

nic011

Thanks! This is what I thought, but my maths is never fantastic so thought it wise to check!