What is Interest Rate ?
The rate of amount paid by the  borrowers to the lenders for the
money borrowed.
 
 
You need to pay a certain amount as monthly payments with this interest rate for the amount you borrowed from the lender.
It is expressed in %
 
 
Interest Rate alculation
Your inputs would be Initial !ayment" #onthly !ayment and  $umber of Years.
Initial Payment
Monthly Payment
The amount paid to the lender monthly till the term ets completed.
Number of Years
 
 
  i ≈ [ ( 1 + ( P/A ) ) 1/q - 1 ] q - 1
Where,
N = n ! 1 (here n = num"er of #ears)
$ = $a#ment %mount
 
 
Interest Rate alculation
 
 
 
! "#$% & 
 
 
&ind it more easier to calculate with an Interest Rate alculator.
https-www.easycalculation.commor  taeinterest/rate.php