Compounding interest (CI) is a type interest which is calculated on the initial principal amount and the accumulated interest of previous periods of a bank deposit or loan. And for quarterly compound interest compounding period is considered as four years period. The given below is the online Quarterly compound interest formula to calculate the compound interest for the given deposit amount. This CI formula makes your deposit calculations simple and easier.

Total Amount = Principal + Compound interest

Where,

p = Principal or Sum [P]

i = Rate % Per Annum [R]

y = Time Years [n]

Also, this Compound interest formula compounded quarterly provides you the individual formulas for the calculation of total amount and compound interest which is compounded for the period of four years.