Calculator Tool

Interest Rate Calculator

Work backwards to estimate an interest rate from the numbers you already have (principal, payment, and term).

How to Use This Calculator

Simple steps to solve your interest rate calculator problems

1

Try AI Math Solver

Click the button above to access our AI-powered math solver.

2

Input Your Problem

Type, paste, or upload an image of your interest rate calculator problem in natural language.

3

Get Step-by-Step Solution

Receive a detailed walkthrough with clear explanations for each step.

4

Ask Follow-up Questions

Need clarification? Ask questions about any step in the solution process.

Example prompts to paste

  • What interest rate gives a $410/month payment on a $20,000 loan for 60 months?
  • Estimate effective rate if I borrow $8,000 and repay $9,200 in 12 months
  • Convert 18% APR to monthly rate and explain the difference

About This Calculator

Why MathAI GPT is different from traditional calculators

When you know what you borrow and what you pay back, you can estimate the effective rate. This helps compare offers that look similar but aren’t.

Common Uses

  • Estimate effective rate from payment and term
  • Compare two offers with different fees
  • Check whether an advertised rate matches the math
  • Convert between annual rate and periodic rate

Key Advantages

Shows each logical step — not just the final answer
Understands free-form math and plain language together
Accepts images of handwritten or printed problems
Helps you learn the method, not just copy answers
Interest Rate Calculator | MathAI GPT