Enter the money factor into the Interest Rate From Money Factor Calculator. The calculator will evaluate the Interest Rate From Money Factor.

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## Interest Rate From Money Factor Formula

The following two example problems outline the steps and information needed to calculate the Interest Rate From Money Factor.

IR = MF * 2,400

- Where IR is the Interest Rate From Money Factor (% APR)
- MF is the money factor

To calculate the interest rate from money factor, multiply the money factor by 2400.

## How to Calculate Interest Rate From Money Factor?

The following example problems outline how to calculate Interest Rate From Money Factor.

Example Problem #1:

- First, determine the money factor.
- The money factor is given as: .025.

- Finally, calculate the Interest Rate From Money Factor using the equation above:

IR = MF * 2,400

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

IR = .025 * 2,400 = 60 (% APR)

Example Problem #2:** **

For this problem, the variables required are provided below:

money factor = .15

${V2} = ${number 4}

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

IR = MF * 2,400** = ?**