What a balance costs you each day.
A worked example
Starting figures
- Balance
- $12,000
- APR
- 18.9%
What it returns
- Interest per day
- $6.21
- Per month
- $189
- Per year
- $2,268
- Per week
- $43.62
How to read the results
With the defaults above, interest per day works out at $6.21.