Annual Percentage Rate Calculator

✖The Monthly Periodic Rate is the charge that is applied or recorded at monthly intervals.ⓘ Monthly Periodic Rate [MPR]

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✖The Annual Percentage Rate is the annual rate charged for borrowing or earned through an investment.ⓘ Annual Percentage Rate [APR]

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Formula

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Annual Percentage Rate

Formula

`"APR" = "MPR"*12`

Example

`"3"="0.25"*12`

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Annual Percentage Rate Solution

STEP 0: Pre-Calculation Summary

Formula Used

Annual Percentage Rate = Monthly Periodic Rate*12
APR = MPR*12
This formula uses 2 Variables

Variables Used

Annual Percentage Rate - The Annual Percentage Rate is the annual rate charged for borrowing or earned through an investment.
Monthly Periodic Rate - The Monthly Periodic Rate is the charge that is applied or recorded at monthly intervals.

STEP 1: Convert Input(s) to Base Unit

Monthly Periodic Rate: 0.25 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

APR = MPR*12 --> 0.25*12

Evaluating ... ...

APR = 3

STEP 3: Convert Result to Output's Unit

3 --> No Conversion Required

FINAL ANSWER

3 <-- Annual Percentage Rate

(Calculation completed in 00.004 seconds)

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Created by Team Softusvista

Softusvista Office (Pune), India

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Verified by Himanshi Sharma

Bhilai Institute of Technology (BIT), Raipur

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< 2 Interest Rate Calculators

Nominal Interest Rate

Go Nominal Interest Rate or Stated Rate = Compounding Periods*((1+Effective Interest Rate)^(1/Compounding Periods)-1)

Annual Percentage Rate

Go Annual Percentage Rate = Monthly Periodic Rate*12

Annual Percentage Rate Formula

Annual Percentage Rate = Monthly Periodic Rate*12
APR = MPR*12

How to Calculate Annual Percentage Rate?

Annual Percentage Rate calculator uses Annual Percentage Rate = Monthly Periodic Rate*12 to calculate the Annual Percentage Rate, The Annual Percentage Rate is the annual rate charged for borrowing or earned through an investment. Annual Percentage Rate is denoted by APR symbol.

How to calculate Annual Percentage Rate using this online calculator? To use this online calculator for Annual Percentage Rate, enter Monthly Periodic Rate (MPR) and hit the calculate button. Here is how the Annual Percentage Rate calculation can be explained with given input values -> 3 = 0.25*12.

FAQ

What is Annual Percentage Rate?

The Annual Percentage Rate is the annual rate charged for borrowing or earned through an investment and is represented as APR = MPR*12 or Annual Percentage Rate = Monthly Periodic Rate*12. The Monthly Periodic Rate is the charge that is applied or recorded at monthly intervals.

How to calculate Annual Percentage Rate?

The Annual Percentage Rate is the annual rate charged for borrowing or earned through an investment is calculated using Annual Percentage Rate = Monthly Periodic Rate*12. To calculate Annual Percentage Rate, you need Monthly Periodic Rate (MPR). With our tool, you need to enter the respective value for Monthly Periodic Rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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