write the formula for compound interest when the interest is compounded quarterly
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Rate for Quarter Year : R/4
Time for Quarter Year : Time*4
Compound Interest for Quarter Year :
Principal (1+Rate/100)raise to power time
Note : Use rate and time of Quarter Year
Time for Quarter Year : Time*4
Compound Interest for Quarter Year :
Principal (1+Rate/100)raise to power time
Note : Use rate and time of Quarter Year
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Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one.
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