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

## 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:

1. First, determine the money factor.
• The money factor is given as: .025.
2. 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

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