Flat Rate Efficiency Calculator

Calculate Flat Rate Efficiency



Formula

The formula to calculate the Flat Rate Efficiency (Efr) is:

\[ Efr = \frac{FR}{AH} \]

Where:

Definitions

Example

Let's say the flat rate hours produced is 50 hours and the actual hours worked is 40 hours. Using the formula:

\[ Efr = \frac{50}{40} \]

We get:

\[ Efr = 1.25 \]

So, the flat rate efficiency is 1.25.

Extended information about "Flat-Rate-Efficiency-Calculator"

Effective Rate to Flat Rate

Definition: The conversion from effective interest rate to flat rate is used to simplify the comparison of different loan products.

Formula: \( r_{flat} = \frac{2 \cdot r_{eff} \cdot n}{n + 1} \)

Example: \( r_{flat} = \frac{2 \cdot 0.05 \cdot 12}{12 + 1} \)

Flat Rate to Effective Rate

Definition: The conversion from flat rate to effective interest rate helps in understanding the true cost of a loan.

Formula: \( r_{eff} = \frac{r_{flat} \cdot (n + 1)}{2 \cdot n} \)

Example: \( r_{eff} = \frac{0.06 \cdot (12 + 1)}{2 \cdot 12} \)

Flat Rate Calculation

Definition: Flat rate calculation is used to determine the interest on a loan based on the initial principal amount.

Formula: \( I = P \cdot r_{flat} \cdot t \)

Example: \( I = 10000 \cdot 0.05 \cdot 2 \)