## Total Amount Compound Quarterly calculator

## Definition of Compound Interest

After the completion of a specific period interest acquired on the principal as well as the interest due on the principal is called Compound Interest.

**Principal:**

The money which is borrowed or deposit for a certain amount of time is called principle. It is represented by P.

**Amount :**

The sum of principal and the interest from the principal with a certain amount of rate within a certain period of time is called Amount. It is denoted by A.

**Rate of Interest :**

The rate at which the money is lent or given to the borrower is called the rate of interest. It is generally represented by the R and specified in percentage form.

The formula for compound interest is:**CI = P (1 + R/100) ^{(T)}-1**

where,

P= Principle or Investment amount

R = Annual Interest Rate

T = time for which money is invested

CI = Compound Interest

## Total Amount for Compound Interest calculated Quarterly Formula

^{For compound interest calculated quarterly, the rate becomes one fourth and time will become four times}

**A = P (1 + R/(4*100)) ^{(4*n)}**

Where,

P= Principle or Investment amount

R = Annual Interest Rate

n = number of times that interest is calculated per unit time

### What is the difference between simple interest and compound interest?

**Simple interest** is calculated on the principal, or original amount of a loan.

**Compound interest** is calculated after the completion of a specific period of interest acquired on the principal as well as the interest due on the principal.

### How to use this online Total Amount Compound Quarterly calculator

Hey Buddy! How are you? At first A Warm Welcome to you on our online calculator tool site!

Follow these 6 easy steps to use our “Online Total Amount Compound Quarterly calculator”.

1) At first, give two inputs in the “Input Section.” (Your inputs should be decimal number)

2) After giving your inputs, press the “Calculate” button & Boom! You can see your result in the “Answer Section”!! Isn’t it amazing? π

3) Your answer will be in number.

4) Once used our calculator & to start from fresh, press the “Reset” button & continue enjoying π

5) In the case of our “online Total Amount Compound Quarterly calculator”, it takes input & runs a javascript program in the background. So You don’t need to worry about the correct result as there is a powerful javascript program running in the background. We genuinely care for you π

### How You Can Help us

Now comes the last & most important step. If you find any inconvenience/mistake, then Feel free to contact us through the “Contact Us” section.

βAlso if you feel we can improve our blog in a better way please feel free to let us know & you’re always welcome to share with us your beautiful idea.

β If you find our “Online simple Total Amount Compound Quarterly calculator” Very Useful, give us your feedback in “Add a Comment” section. Your feedback matters a lot to us. We’ll be waiting for your feedback. Keep Loving & Supporting us. Thank You! Have a Nice Day! π