### What Is Periodic Interest Rate?

Periodic Interest Rate is the interest rate charged over a certain number of time periods . The Periodic Interest rate is the annual interest rate divided by the number of compounding periods.We can easily calculate interest rate using the Periodic Interest Rate Calculator .By Using Following Formula -:

** Periodic Interest Rate Formula:**

P = R / m

Where

P = Periodic Interest Rate

R = Interest Rate in Percent

m = Compounding Periods

### How to use Periodic Interest Rate Calculator?

Step by step procedure for Periodic Interest Rate Calculator

**Step 2: **Input appropriate value .

**Step 3: **Now click on "Calculate" button to get result.

You will get Periodic Interest Rate (P) as per your value input.