# Interest Rate Calculator

**Interest Rate Calculator Explained**

**(a) What is this?** How much interest you pay either annually, monthly or weekly.

**(b) What does this tell me?** The interest you have to pay. Note that it excludes compounding interest.

**(c) Why should I use it?** To assess either the income or expense you will incur or receive from interest.

**(d) Caution**: These calculators exclude compounding interest. You will need to determine whether you are paying/receiving compounding interest or not. The calculations also exclude any other payments you make as part of you interest payments. Talk to your accountant or professional financial advisor before making any financial decisions. You use this calculator at your risk.

Interest Rate Calculator

## Interest Rate (Time in Years)

## Interest Rate (Time in Months)