## How to find annual interest rate algebra

To do so, divide the annual rate by 12 to account for the 12 months in every year (see Step 4 in the example below). You'll need to convert from percentage to decimal format to complete these steps. Divide by the number of time periods: You started with one annual time period, and you’re looking for 12 monthly periods. Free calculator to find the interest rate as well as the total interest cost of an amortized loan with fixed monthly payback amount. Also learn more about interest cost, experiment with other interest and loan calculators, or explore many more calculators on topics such as finance, math, fitness, and health.

## Interest Calculator. Solve various problems related to money, finance, mortgage, loan, checking, credit card and savings accounts. Annual Percentage Rate.

If you have $100 to invest, and you can get an interest rate of 5 percent paid annually, what will the value of your investment be at the end of the first year? 10 Oct 2018 “Don't make me wade through all that algebra,” I hear you yell. If you know the interest rate i, loan amount A, and payment P, you can use equation 1 to find the Therefore the annual rate is 12×0.94007411 = 11.28%. You can also use it in reverse; you can find the interest rate with a given compound frequency if you know what the annual percentage yield is. Also, just for your If you have$100 to invest, and you can get an interest rate of 5 percent paid annually, what will the value of your investment be at the end of the first year? 10 Oct 2018 “Don't make me wade through all that algebra,” I hear you yell. If you know the interest rate i, loan amount A, and payment P, you can use equation 1 to find the Therefore the annual rate is 12×0.94007411 = 11.28%. For Compounded Annually where n =1: If the interest rate is compounded n times per year, the compounded amount as we saw before is given by: Ex3: Find the amount to be invested at a rate of 8% compounded continuously in order to