An interest rate is generally a percentage of the amount of a loan that a person is borrowing. Use an amortization schedule to calculate interest rates with help from a financial specialist in this free video on interest rates and loans.
Cite this Article
Choose Citation Style
McKillen, Matt. "How to Calculate an Interest Rate." Pocket Sense, https://pocketsense.com/how-to-calculate-an-interest-rate-13582819.html. 27 September 2017.
McKillen, Matt. (2017, September 27). How to Calculate an Interest Rate. Pocket Sense. Retrieved from https://pocketsense.com/how-to-calculate-an-interest-rate-13582819.html
McKillen, Matt. "How to Calculate an Interest Rate" last modified September 27, 2017. https://pocketsense.com/how-to-calculate-an-interest-rate-13582819.html
Note: Depending on which text editor you're pasting into, you might have to add the italics to the site name.