Enter the monthly rate ($) into the Yearly Rate Calculator. The calculator will evaluate the Yearly Rate. 

Yearly Rate Formula

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

YR = MR * 12
  • Where YR is the Yearly Rate ($/yr)
  • MR is the monthly rate ($) 

To calculate the yearly rate, multiply the monthly rate by 12.

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

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

YR = MR * 12 = ?