Question

How to calculate rate of interest quarterly

Answer 1

For example, if your annual interest rate equals 8 percent, divide 8 by 4 to find that the quarterly interest rate is 2 percent. Divide the quarterly interest rate expressed as a percentage by 100 to calculate the quarterly interest rate as a decimal.

Answer 2

✨ʜᴇʏ ᴍᴀᴛᴇ! ✨

ɪғ ᴡᴇ ʜᴀᴠᴇ ᴛᴏ ᴄᴀʟᴄᴜʟᴀᴛᴇ ʀᴀᴛᴇ ᴏғ ɪɴᴛᴇʀᴇsᴛ ϙᴜᴀʀᴛᴇʀʟʏ, ᴡᴇ ʜᴀᴠᴇ ᴛᴏ ᴅɪᴠɪᴅᴇ ᴛʜᴇ 
ɪɴᴛᴇʀᴇsᴛ ʙʏ ４.

ᴀs, ᴛʜᴇʀᴇ ᴀʀᴇ ４ ϙᴜᴀʀᴛᴇʀs ɪɴ ᴀ ʏᴇᴀʀ ᴀɴᴅ ３ ᴍᴏɴᴛʜs ᴍᴀᴋᴇ ᴀ ϙᴜᴀʀᴛᴇʀ.

sᴏ, ᴛʜᴇ ɪɴᴛᴇʀᴇsᴛ ᴡᴇ ʜᴀᴠᴇ ɪs ɪɴ ᴘᴇʀ ᴀɴɴᴜᴍ (ʏᴇᴀʀ) sᴏ ᴡᴇ ᴅɪᴠɪᴅᴇ ɪᴛ ʙʏ ４.

ғᴏʀ ᴇxᴀᴍᴘʟᴇ, ɪғ ɪɴ ᴛʜᴇ ϙᴜᴇsᴛɪᴏɴ ʀᴀᴛᴇ ᴏғ ɪɴᴛᴇʀᴇsᴛ ɪs １６% ᴘᴇʀ ᴀɴɴᴜᴍ,
ɪᴛ ᴡɪʟʟ ʙᴇ ᴅɪᴠɪᴅᴇᴅ ʙʏ ４ ,

sᴏ, １６/４ = ４% ᴘᴇʀ ϙᴜᴀʀᴛᴇʀ.

ᴀɴᴅ, ᴡʜᴇɴ ᴡᴇ ᴡɪʟʟ ғɪɴᴅ ɪɴᴛᴇʀᴇsᴛ, ᴡᴇ ᴡɪʟʟ ᴇxᴘʀᴇss ɪᴛ ᴀs ４/１００ ᴏʀ ０.０４.

ʜᴏᴘᴇ ɪᴛ ɪs ʜᴇʟᴘғᴜʟ ✌️!