How to Calculate Interest Rate1
How to Calculate Interest Rate
Plug your numbers into the interest formula IPT=R{\displaystyle {rac {I}{PT}}=R} to get your rate.
longer
days
Convert the interest rate to a percentage by multiplying it by 100.
minutes
minutes
Refer to your most recent statement to fill in the interest equation.
minutes
minutes
Make sure that your time and your rate are on the same scale.
minutes
minutes
Use online calculators to find rates for complex loans like mortgages.
minutes
minutes