How do you calculate effective interest rate when you do not know the rate of interest?

Answer:
That depends on what you DO know. You might consider asking again, being more specific about what information you have. For example, if you know the amount of interest, the principal, and the length of time, you can readily calculate the effective interest rate even if you don't know the nominal value or how often it's compounded.
First answer by Ptorquemada. Last edit by Ptorquemada. Contributor trust: 551 [recommend contributor recommended]. Question popularity: 1 [recommend question].