How to Calculate Interest Charges Per Quarter?
Interest Charges Per Quarter calculator uses Interest Charges Per Quarter = (Credit)*(Key Interest Rate+1)/400 to calculate the Interest Charges Per Quarter, Interest Charges Per Quarter represent the cost of borrowing money or the earnings on invested funds during each quarter of the year. Interest Charges Per Quarter is denoted by ICQ symbol.
How to calculate Interest Charges Per Quarter using this online calculator? To use this online calculator for Interest Charges Per Quarter, enter Credit (Cr) & Key Interest Rate (KIR) and hit the calculate button. Here is how the Interest Charges Per Quarter calculation can be explained with given input values -> 21.25 = (1000)*(7.5+1)/400.