whats my apr?

costaerer

whats my apr if it says 1.527% for purchases, and 2.075% for cash......monthly rate obviously!

sutton111

I think there is a rate calucator on the site somewhere. I see if I can find it.

izools

19.9% for Purchases, 27.9% for Cash.

Method:

1.01527 ^ 12 = (1.199-1)*100=19.9
1.02075 ^ 12 = (1.279-1)*100=27.9

Seems they upgraded you to Gold.

Fruit_and_Nut_Case

sutton111 wrote: »

I think there is a rate calucator on the site somewhere. I see if I can find it.

Is it this one?

izools

Fruit_and_Nut_Case wrote: »

Is it this one?

What's wrong with using a calculator?

sutton111

Fruit_and_Nut_Case wrote: »

Is it this one?

That's it!!

I got a little side tracked looking for it.

sutton111

izools wrote: »

What's wrong with using a calculator?

Nothing wrong with using a calucator at all. I used one in my Maths A-level.

Jon_B_2

How hard is it to calculate 1.527 x 12?

Fruit_and_Nut_Case

izools wrote: »

What's wrong with using a calculator?

.........

costaerer

= 18.324% apr.

never heard of such a strange rate!!!!!

costaerer

now i use the link its simple! all to do with compounded and non compounded rates!