Blended Rate

Introduction to Blended Rate Calculator

A blended rate is a calculation used to determine the overall average rate when multiple rates are combined. In this formula, Blended Rate represents the average rate, rate1, rate2, ..., rateN are the individual rates to be combined, and N is the total number of rates.

Parameter usage:

• rates = array of rates to be included in the calculation

Output:

• Blended Rate = the average rate obtained by combining all individual rates

Data validation

The rates should be greater than or equal to zero.

Summary

This calculator takes into account multiple rates and calculates the blended rate for the given set of rates.