Quarterly Interest Rate Formula
Equation for calculate quarterly interest rate is,
QIR = (((1 + a/100)(1/4)-1) × 4)×100
Where,QIR = Quarterly Interest Rate
A = Annual Interest Rate
QIR = Quarterly Interest Rate
A = Annual Interest Rate
Equation for calculate quarterly interest rate is,
QIR = (((1 + a/100)(1/4)-1) × 4)×100
Where,