Interest Rate and Compound Interest Calculator / Solver.
Click here to launch the calculator
Use this calculator to work out Annual Percentage Rates, or perform calculations relating to loans and interest rates.
(Requires Flash Player 7 or higher).
You can use this calculator / solver to:
1. Work out the Annual Percentage Rate (APR) from a monthly rate of interest, or vice versa. (You can use change the interest period from monthly to daily, weekly, quarterly or half-yearly).
2. Work out the factors in Compound Interest Loan calculations, based upon three of the known factors. Therefore, you need to enter three of the following values:
- Initial Value (i.e. the amount of money that is borrowed)
- Interest Rate
- The duration / length of the loan (in years)
- The total amount of money that is repaid (i.e. initial value + interest)
Points to be aware of:
All results are rounded down to 4 decimal places, and this should be sufficient for most purposes. You can round this down further yourself (i.e. to 2 decimal places).
When enter 'part years' in the loan calculator (i.e. 7 years and 10 months), these need to be added as a fraction.
i.e. To work out 10 months as a decimal fraction, divide 10 by 12, and this gives the result 0.8 - therefore, enter 7.8 into the calculator. Any results calculated this way will also show the years and months underneath.
The figures projected by the calculator are only for guidance purposes - whilst we aim to ensure the accuracy of our calculators, we can take no responsibility for the usage made of the calculations generated on this site.
Recent Financial Topics
My neighbour has started keeping bees - is there any way I can object to this? The starting point is that your neighbour is entitled to keep bees.
My neighbour has started keeping bees - can I stop him? DEAN DUNHAM replies
14/05/2024 06:24 PM
The UK is one of the most expensive countries in Europe for childcare despite government handouts to ease the burden on families.
Childcare vs pay: The salary you need to make being a working parent profitable
14/05/2024 06:21 PM
Limited access accounts are surging in popularity. Last week Paragon came out with a new version which propelled it to the top of the best buy tables.
The new 5.05% limited access account that savers are rushing to open - SYLVIA MORRIS
14/05/2024 05:58 PM