Enter the cost of the equipment ($) and the hours the equipment is used into the Equipment Rental Rate Calculator. The calculator will evaluate the Equipment Rental Rate.

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## Equipment Rental Rate Formula

The following two example problems outline the steps and information needed to calculate the Equipment Rental Rate.

ERR = CE / TE

- Where ERR is the Equipment Rental Rate ($/hr)
- CE is the cost of the equipment ($)
- TE is the hours the equipment is used

To calculate the equipment rental rate, divide the cost of the equipment by the hours of equipment use.

## How to Calculate Equipment Rental Rate?

The following example problems outline how to calculate Equipment Rental Rate.

Example Problem #1:

- First, determine the cost of the equipment ($).
- The cost of the equipment ($) is given as: 40.

- Next, determine the hours the equipment is used.
- The hours the equipment is used is provided as: 4.

- Finally, calculate the Equipment Rental Rate using the equation above:

ERR = CE / TE

The values provided above are inserted into the equation below and computed.

ERR = 40 / 4 = 10.00 ($/hr)

Example Problem #2:** **

For this problem, the variables required are provided below:

cost of the equipment ($) = 50

hours the equipment is used = 10

Test your knowledge using the equation and check your answer with the calculator..

ERR = CE / TE** = ?**