Financial Tool
Periodic Interest Rate Calculator
Calculate the interest rate charged per period (e.g., monthly, daily) from an annual rate.
Periodic Rate
1.0000%
Interest charged per period
Σ The Formula
Periodic Rate = Annual Rate / Periods per Year
Real World Examples
Credit Card
18% APR / 12 months = 1.5% interest per month.
Daily
5% Annual / 365 = 0.0137% per day.
# About This Calculator
The Periodic Interest Rate is the interest rate charged for each specific time interval (period), such as a month or a day.
Most loans quote an Annual Percentage Rate (APR), but interest is calculated more frequently. This tool helps you see the actual rate applied each cycle.
Frequently Asked Questions
Is Periodic Interest Rate Calculator free to use?+
Yes, Periodic Interest Rate Calculator on Matheric is completely free to use. We believe in accessible education and utility for everyone.
How accurate is Periodic Interest Rate Calculator?+
We use standard mathematical formulas and high-precision computing algorithms to ensure results for Periodic Interest Rate Calculator are accurate for academic and professional use.
Can I use Periodic Interest Rate Calculator on my phone?+
Yes! Periodic Interest Rate Calculator is fully responsive and optimized for all devices, including smartphones, tablets, and desktops.
Do you save my data?+
No. We prioritize your privacy. All calculations are performed in your browser or temporarily processed, and we do not store your personal input data.
How do I report a bug?+
If you notice any issues with Periodic Interest Rate Calculator or have suggestions for improvement, please contact us via the link in the footer. We value your feedback!
Can I request a new feature?+
Absolutely. We are constantly expanding our toolset. Feel free to reach out with your requests, and we might build it next!
About
The Periodic Interest Rate is the interest rate charged for each specific time interval (period), such as a month or a day.
Most loans quote an Annual Percentage Rate (APR), but interest is calculated more frequently. This tool helps you see the actual rate applied each cycle.