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 ($/yr)
- MR is the monthly rate ($)

## How to Calculate Yearly Rate?

The following example problems outline how to calculate Yearly Rate.

Example Problem #1:

- First, determine the monthly rate ($).
- The monthly rate ($) is given as: 4000.

- 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** = ?**