# Interest Rate Converter

Use our online calculator to convert the annual to quarterly interest rate. The below interest rate converter would be beneficial in comparing and converting the loan or financial product interest rates from one frequency to an equivalent of the rate payable in another frequency. By knowing the interest rates between annual and quarterly terms you will learn how much interest you will earn to pay the loans. Here the resultant value is expressed in percentage.

## Annual To Quarterly Interest Rate

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Use our online calculator to convert the annual to quarterly interest rate. The below interest rate converter would be beneficial in comparing and converting the loan or financial product interest rates from one frequency to an equivalent of the rate payable in another frequency. By knowing the interest rates between annual and quarterly terms you will learn how much interest you will earn to pay the loans. Here the resultant value is expressed in percentage.

Code to add this calci to your website  #### Formula:

Quarterly Interest Rate (QIR) = (((1 + a/100)(1/4)-1) × 4)×100 Where, A = Annual Interest Rate

### Example:

Calculate quarterly interest rate (QIR) for annual interest rate of 5 %.

#### Solution:

QIR = (((1 + 5)(1/4) - 1) × 4) × 100
= 4.9 %.