Nominal interest rate is calculated by Possible Answers I multiplying the interest rate per compounding period by the number of compounding periods per year. . converting a given interest rate with a compounding period to an equivalent interest rate with a one-year . summing up all interest rates for all compounding periods. Ut . multiplying the simple interest rate by the number of years. E. dividing the interest rate per compounding period by the number of compounding periods per year. Score: HIGHS