Converting AER to a Monthly Rate (Leaving Cert Mathematics): Quizzes

12

52

$\frac{1}{12}$

$\frac{1}{52}$

$(1+\text{AER})^{\tfrac{1}{12}}-1$

$(1+\text{AER})^{\tfrac{1}{52}}-1$

$0.327\%$

$0.0755\%$

$1$

Monthly rate