• MR is the monthly rate ($) ## How to Calculate Yearly Rate? The following example problems outline how to calculate Yearly Rate. Example Problem #1: 1. First, determine the monthly rate ($).
• The monthly rate ($) is given as: 4000. 2. Finally, calculate the Yearly Rate using the equation above: YR = MR * 12 The values provided above are inserted into the equation below and computed. YR = MR * 12 = ($/yr)

Example Problem #2:

For this problem, the variables required are provided below:

monthly rate (\$) = 6000