How to calculate rate of interest quarterly
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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.
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✨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 ✌️!
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 ✌️!
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