Step 2. Divide the annual interest rate expressed as a percentage by 12 to calculate the monthly interest rate expressed as a percentage. For example, if you have an annual interest rate of 7.8 percent, divide 7.8 by 12 to find the monthly interest rate is .65 percent.Related Reading: Interest Rate vs. APR Rate.anks accounts and loans often state the annual interest rate, but compound interest on a monthly basis, meaning that you need to know the monthly rate to calculate how much interest you will earn have to pay.
Major brand tennis racket manufacturers provide sizing guidelines to help you select the correct racket. If you child is 5 years old or younger and is 44 inches or shorter, a 19- or 21-inch racket is a good fit. If your child is age 6 to 8 and measures 45 to 49 inches, select a 23-inch racket.
Get the right size. âThe main thing with kidsâ bikes is having the right size bike for the rider,â says Jon Posner, store manager at Race Pace Bicycles in Ellicott City. Childrenâs bikes are measured by the diameter of the wheel, with sizes ranging from 12 inches to 24 inches. The appropriate size depends on the childâs age and height or leg length. For example, most 2-year-olds start on a 12-inch bike. To test proper fit, the American Academy of Pediatrics (AAP) recommends children sit on the seat with their hands on the handlebars.