1. What is Price Per Minute?

Price per minute is a unit price calculation that shows how much something costs for each minute of use or service. It's commonly used for services billed by time (like phone calls, consulting, or equipment rental).

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( Total\ Price \) — The total cost in any currency
• \( Minutes \) — The total duration in minutes
• \( Price_{min} \) — The resulting price per minute

Explanation: This calculation divides the total cost by the total time to determine the cost for each individual minute.

3. Importance of Price Per Minute Calculation

Details: Calculating price per minute helps compare different service options, budget accurately for time-based services, and understand the true cost of time-based purchases.

4. Using the Calculator

Tips: Enter the total price in your currency and the total duration in minutes. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: When is price per minute useful?
A: It's most useful for comparing services billed by time, like phone plans, consulting services, or equipment rentals.

Q2: How does this differ from hourly rate?
A: Price per minute is simply the hourly rate divided by 60. Some find per-minute calculations more precise for short durations.

Q3: Can I use this for monthly services?
A: Yes, if you know the total monthly cost and estimated minutes of use, you can calculate the effective per-minute rate.

Q4: What about partial minutes?
A: The calculator accepts decimal values for minutes (e.g., 1.5 minutes = 90 seconds).

Q5: How precise should the result be?
A: For most purposes, 2-4 decimal places is sufficient, though the calculator shows 4 decimal places for precision.