Apr to interest rate converter
Calculators to determine simple interest, compund interest, and annual percentage rate APR. Use effective interest rate, nominal interest rate, periodic interest rate, and equivalent interest rate calculators to see how compounding frequency and number of periods affects interest rate calculation. The annual percentage rate (APR) is also called the nominal interest rate. It is the rate of interest in one year, without taking compounding into account. The effect of compounding actually turns out to be pretty small. If there are m compounding periods, then the APR and APY are related by the following formula: