Take Compounding Interest quiz
Periodic Interest Rate is the interest rate charged over a certain number of time periods . The Periodic Interest rate is the annual interest rate divided by the number of compounding periods.
Periodic Interest Rate Formula:
P = R / m
Where
P = Periodic Interest Rate
R = Interest Rate in Percent
m = Compounding Periods
How to use Periodic Interest Rate Calculator?
Step by step procedure for Periodic Interest Rate Calculator is as follows.
Step 1: Provide Annual Rate of Interest in %
Step 2: Select Compounding Frequency (m) per year.
Step 3: Now click on "Compute" button to get result.
You will get Periodic Interest Rate for given compounding frequency.