Function To Calculate Simple Interest And Compound Interest? 

Function To Calculate Simple Interest And Compound Interest?  Excel 
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Hi
I want to know the function to calculate the SI and the CI in Excel. I know manually we calculate the Simple Interest = P*R*T and compound Interest = P(1+i)^n . When I calculate the SI using inbuilt function of Excel i.e. PMT as shown in the following link
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It given right answer. But if on same data i apply P*R*T it gives something different. Also I saw following site
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it uses FV function. Kindly advice how to calculate the Si and CI using inbuilt functions. I just want to calculate it when there is no change in the rate of interest in the subsequent years and it will remain same.
Regards
Harbinder Singh
I want to know the function to calculate the SI and the CI in Excel. I know manually we calculate the Simple Interest = P*R*T and compound Interest = P(1+i)^n . When I calculate the SI using inbuilt function of Excel i.e. PMT as shown in the following link
/ />
It given right answer. But if on same data i apply P*R*T it gives something different. Also I saw following site
/ />
it uses FV function. Kindly advice how to calculate the Si and CI using inbuilt functions. I just want to calculate it when there is no change in the rate of interest in the subsequent years and it will remain same.
Regards
Harbinder Singh
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A previous poster explained what I also need; there were no responses,
so I thought I would try again.
Does anyone know of an Excel templateor a small standalone
programthat will calculate the interest/principal breakdown when
payments are varied in amount and frequency? Free or lowcost, please.
I need one that will work on my Mac/Office 2004. I will need to print
out periodic reports.
Here is the way the previous poster described it:
"Excel template: Loan Amortization for random/irregular payments,
figures days
between payment dates.
I have a loan with a variable beginning balance and irregular payments
with
annual large payment. (based on collections)
Would like to enter payment and date.
then Excel would figure days since last payment, interest amount,
principal
amount, Ending Principal balance.
And total interest paid, total pricipal paid
If I change the starting principal, excel would recalculate all
entries."
Thanks very much.
so I thought I would try again.
Does anyone know of an Excel templateor a small standalone
programthat will calculate the interest/principal breakdown when
payments are varied in amount and frequency? Free or lowcost, please.
I need one that will work on my Mac/Office 2004. I will need to print
out periodic reports.
Here is the way the previous poster described it:
"Excel template: Loan Amortization for random/irregular payments,
figures days
between payment dates.
I have a loan with a variable beginning balance and irregular payments
with
annual large payment. (based on collections)
Would like to enter payment and date.
then Excel would figure days since last payment, interest amount,
principal
amount, Ending Principal balance.
And total interest paid, total pricipal paid
If I change the starting principal, excel would recalculate all
entries."
Thanks very much.
Hello,
I have two columns of data: column A contains the date and time in the form dd/mm/yyyy. Column B contains a number value. All the times are in order, so column A looks like:
01/01/2007
02/01/2007
03/01/2007
I have data from 2007 to 2010. I need to calculate an average daily value (in column B) for each month, and display it in column C. So, for January, I need to calculate the average of 31 days, February, 28 days, etc.
Is there a function I can use to do this? I've been trying the AVERAGEIF formula but can't get it to work. Any ideas would be much appreciated!
Many thanks,
Caitlin
I have two columns of data: column A contains the date and time in the form dd/mm/yyyy. Column B contains a number value. All the times are in order, so column A looks like:
01/01/2007
02/01/2007
03/01/2007
I have data from 2007 to 2010. I need to calculate an average daily value (in column B) for each month, and display it in column C. So, for January, I need to calculate the average of 31 days, February, 28 days, etc.
Is there a function I can use to do this? I've been trying the AVERAGEIF formula but can't get it to work. Any ideas would be much appreciated!
Many thanks,
Caitlin
On my calculator, if I divide 462,534.05 by 335 I get 1,380.70. Then if I times 1,380.70 by 335 I get 462,534.50. Which is what I need it to be because I need to calculate the difference of a figure not dividing equally.
On excel, if I divide 462,534.05 by 335 I get 1,380.70. Then if I times 1,380.70 by 335 I get the SAME result of 462,534.05.
I have to account for the difference of not dividing equally so there is some format or accounting function that's preset that I don't want but I have no idea how to fix it or format my excel sheet to calculate as my calculator would.
Please can someone help? Thanks!
On excel, if I divide 462,534.05 by 335 I get 1,380.70. Then if I times 1,380.70 by 335 I get the SAME result of 462,534.05.
I have to account for the difference of not dividing equally so there is some format or accounting function that's preset that I don't want but I have no idea how to fix it or format my excel sheet to calculate as my calculator would.
Please can someone help? Thanks!
I need a formula to calculate Turn Around Time. Find below the sample data and details for your reference.
Received Date & Time: 10/29/2010 3:27:00 PM
Completed Date & Time: 11/1/2010 3:57:32 AM
Business Hours: 08:00 AM to 05:00 PM
Non Business hours: 05:00 PM to 08:00 AM
Weekdays : Monday to Friday
Weekends: Saturday & Sunday
If I calculate TAT for this time period it should show me 1 hour 33 minutes, why because business hours are closing by 5:00 PM on 10/29 so it should not calculate duration after 5:00 PM to until 08:00 AM on next day, however 10/29 is Friday so formula should calculate the duration from 10/29 Friday 3:37 PM to 10/29 5:00 PM and again it should calculate from 8:00 AM on 11/01 Monday and formula should skip Saturday & Sunday.
In this scenario I have completed the task before 8:00 AM on 11/01 so it should show duration of 1hour 33 minutes.
Please let me know if you need any more details
Received Date & Time: 10/29/2010 3:27:00 PM
Completed Date & Time: 11/1/2010 3:57:32 AM
Business Hours: 08:00 AM to 05:00 PM
Non Business hours: 05:00 PM to 08:00 AM
Weekdays : Monday to Friday
Weekends: Saturday & Sunday
If I calculate TAT for this time period it should show me 1 hour 33 minutes, why because business hours are closing by 5:00 PM on 10/29 so it should not calculate duration after 5:00 PM to until 08:00 AM on next day, however 10/29 is Friday so formula should calculate the duration from 10/29 Friday 3:37 PM to 10/29 5:00 PM and again it should calculate from 8:00 AM on 11/01 Monday and formula should skip Saturday & Sunday.
In this scenario I have completed the task before 8:00 AM on 11/01 so it should show duration of 1hour 33 minutes.
Please let me know if you need any more details
I have a spreadsheet where I need to calculate the increase in % one year over the other in column D for Eg if Profits are 95415 in Jan 2008 (Column B) and 80215 in Jan 2008 (Column C), then the % Increase will be (9541580215)/80215 *100
I can calculate the formula for this, but the problem comes where for eg there is a loss in Jan 2008 for 95415 and there was a profit in Jan 2007 for 80215. How do I set up formula to take negatives & positives into account in calculating the increase or decrease/
Your assistance or anybody's on the forum will be greatly appreciated
Regards
Howard
/
I can calculate the formula for this, but the problem comes where for eg there is a loss in Jan 2008 for 95415 and there was a profit in Jan 2007 for 80215. How do I set up formula to take negatives & positives into account in calculating the increase or decrease/
Your assistance or anybody's on the forum will be greatly appreciated
Regards
Howard
/
Hi there
I am trying to calculate our On Time Delivery. I want this as a simple percentage of jobs. I have got this running in the following way:
Column M  Estimated Delivery dates
Column N  Actual Delivery dates
Column O  =IF(SUM(M2N2)>0,1,0)
Then I have calculated On Time Delivery as: =SUM((SUM(O2:O252))/(COUNTA(N2:N252)))
This seems to work fine. My problem is, if we enter a date in Estimated without a corresponding Actual date, the formula for Column O fills out anyway and improves our On Time Delivery Percentage. How can I set this up so that the formula doesn't calculate if there is no data in Column N?
Any help much appreciated
Thanks,
James
I am trying to calculate our On Time Delivery. I want this as a simple percentage of jobs. I have got this running in the following way:
Column M  Estimated Delivery dates
Column N  Actual Delivery dates
Column O  =IF(SUM(M2N2)>0,1,0)
Then I have calculated On Time Delivery as: =SUM((SUM(O2:O252))/(COUNTA(N2:N252)))
This seems to work fine. My problem is, if we enter a date in Estimated without a corresponding Actual date, the formula for Column O fills out anyway and improves our On Time Delivery Percentage. How can I set this up so that the formula doesn't calculate if there is no data in Column N?
Any help much appreciated
Thanks,
James
I need information on how to enter the proper syntax (formula) so that excel
can calculate overtime hours. In california over 8 hrs in one day is
overtime. The 8 would be considered regular hours and anything over is OT.
can calculate overtime hours. In california over 8 hrs in one day is
overtime. The 8 would be considered regular hours and anything over is OT.
This formula is supposed to calculate difference between today and date hired to give years and months of service. Works fine for all except if the person was hired in year 2000 then this formula shows 110 y. Any one know how to fix this? or have a different formula that works.
=DATEDIF(E21,TODAY(),"y")&" y "&DATEDIF(E21,TODAY(),"ym")&" m"
Thanks
Rick
=DATEDIF(E21,TODAY(),"y")&" y "&DATEDIF(E21,TODAY(),"ym")&" m"
Thanks
Rick
I have an excel worksheet that adds two other worksheets in a data
triangle. I copied it to create a new data set and used find &
replace to change the worksheet references to the new ones.
The cells still contain the result of the old formula referring to the
previous worksheets. The only way I can get the formula to return the
correct result is to edit (F2) each cell and press enter. Calc now
(F9) does nothing.
I've seen this before, but this time, I need to calculate many
thousands of cells and don't have time for this workaround.
Any ideas?
Thanks.
Don S
triangle. I copied it to create a new data set and used find &
replace to change the worksheet references to the new ones.
The cells still contain the result of the old formula referring to the
previous worksheets. The only way I can get the formula to return the
correct result is to edit (F2) each cell and press enter. Calc now
(F9) does nothing.
I've seen this before, but this time, I need to calculate many
thousands of cells and don't have time for this workaround.
Any ideas?
Thanks.
Don S
In Excel I have been trying to find an easier way to calculate a time
difference where the times cross midnight. Example:
Start time: 23:50:00
End time: 00:15:00
How would you formulate an equation to determine the duration of time or
differnce between the start and end time?
difference where the times cross midnight. Example:
Start time: 23:50:00
End time: 00:15:00
How would you formulate an equation to determine the duration of time or
differnce between the start and end time?
I have a spreadsheet set up with an employees information, including the start date. After each year that the employee is working, he gets bumped up on the pay scale. For this reason, I only need to know how many years the employee has been working, rounded down to the nearest year.
This is what I have so far (hire date is in column B):
=((TODAY()B4)/365)&" YEARS"
This function gives me a number with many decimal places.
I tried:
=ROUNDDOWN((TODAY()B4)/365),0)&" YEARS"
It tells me I have too few arguments. Please help!
This is what I have so far (hire date is in column B):
=((TODAY()B4)/365)&" YEARS"
This function gives me a number with many decimal places.
I tried:
=ROUNDDOWN((TODAY()B4)/365),0)&" YEARS"
It tells me I have too few arguments. Please help!
I am trying to work out how to calculate the geometric mean of a series of values, some of which are negative, ie. investment returns over a series of years with some negatives.
The Geomean function doesn't work because it only uses positive numbers.
Any help would be greatly appreciated.
The Geomean function doesn't work because it only uses positive numbers.
Any help would be greatly appreciated.
Happy Day to all,
Can you please help me,
A1= time in
B1= time out
C1= time in
D1= time out
I want to calculate the late and under time,
Office start at 9:am w/30 mins Grace period,
The break time is one hour only, please include over breaktime in calculation.
End of office hours 6:00 pm, strickly no over time
Can you please help me,
A1= time in
B1= time out
C1= time in
D1= time out
I want to calculate the late and under time,
Office start at 9:am w/30 mins Grace period,
The break time is one hour only, please include over breaktime in calculation.
End of office hours 6:00 pm, strickly no over time
Sale = A1
Cost = B1
Margin = C1
I know to calculate Margin its' C1=1(B1/A1) and to calculate Sale its, A1=B1/(1C1), and I can do that in separate columns. But...... I'm tasked with trying to find a way so that I can do it in three columns. As in if I change cost then margin recalculates or if I change margin then sale recalculates. I'm thinking that this is going to cause a circular error but my boss says there's got to be a way to do it, figure it out. Any suggestions?
Alex
Cost = B1
Margin = C1
I know to calculate Margin its' C1=1(B1/A1) and to calculate Sale its, A1=B1/(1C1), and I can do that in separate columns. But...... I'm tasked with trying to find a way so that I can do it in three columns. As in if I change cost then margin recalculates or if I change margin then sale recalculates. I'm thinking that this is going to cause a circular error but my boss says there's got to be a way to do it, figure it out. Any suggestions?
Alex
How do I calculate the number of batches per hour? Here's what I have so far:
Cell B5: start time: 4:15 formatted as 4:15:00 am
Cell B6: finish time: 6:15 formatted as 6:15:00 am
Cell B7: total time: 2:00 formula in cell: =TEXT(B6B5,"h:mm")
Cell B8: total batches processed: 22 (this is entered manually)
Cell B9: batches per hour: formula in cell: =B8/TEXT(B7,"h")
as long as I have this formula in cell B9 the answer comes out correct which should be 11 per hour.
If the formula in B9 is B8/B7, the answer is 264.0, Is this because of the way excel is reading the total time or the total time is formatted as a time, not an actual number? Is this the correct way to solve the problem?
answer should be 11 per hour.
Cell B5: start time: 4:15 formatted as 4:15:00 am
Cell B6: finish time: 6:15 formatted as 6:15:00 am
Cell B7: total time: 2:00 formula in cell: =TEXT(B6B5,"h:mm")
Cell B8: total batches processed: 22 (this is entered manually)
Cell B9: batches per hour: formula in cell: =B8/TEXT(B7,"h")
as long as I have this formula in cell B9 the answer comes out correct which should be 11 per hour.
If the formula in B9 is B8/B7, the answer is 264.0, Is this because of the way excel is reading the total time or the total time is formatted as a time, not an actual number? Is this the correct way to solve the problem?
answer should be 11 per hour.
Very new in this board. If I post this question in the wrong forum please bear with me.
There is about 20 staffs in our department and I have made a spreadsheet with 12 tabs for each month of the year JanDec. If each staff have 15 days annual leave each year and how can I make a formular that can automatically calculate the balance of annual leave and entered in the tabs of the following months. For example if staff A used 5 days in Jan how can the balance of 10days be entered in the tabs from FebDec. If he use another 5 days in July the remain balance of 5 days be automatically entered in the tab from Aug to Dec. Likewise if staff A took 2 days sick leave in Jan, and 2 days in Mar how can this sick days be automatically sum up in the months after. I am doing this manually at the moment and it is very time consuming and also very easy to make mistake.
Thanks and sorry for this long questions
There is about 20 staffs in our department and I have made a spreadsheet with 12 tabs for each month of the year JanDec. If each staff have 15 days annual leave each year and how can I make a formular that can automatically calculate the balance of annual leave and entered in the tabs of the following months. For example if staff A used 5 days in Jan how can the balance of 10days be entered in the tabs from FebDec. If he use another 5 days in July the remain balance of 5 days be automatically entered in the tab from Aug to Dec. Likewise if staff A took 2 days sick leave in Jan, and 2 days in Mar how can this sick days be automatically sum up in the months after. I am doing this manually at the moment and it is very time consuming and also very easy to make mistake.
Thanks and sorry for this long questions
Hi Guys,
I need help....I am working production scheduling with Start and End time but there is a lunch time and tea time. Is there any formula to calculate Start time to End time with excluding lunch time?
Here is example :
Lunch time :12:00pm to 1:00pm.
Duration Process :6 hours.
Start Time (8:00am)
End time (5:00 pm)
I need a formula to calculate from Start Time 8:00am and what is the End Time? with 1 hour lunch time...
Thanks,
ET
I need help....I am working production scheduling with Start and End time but there is a lunch time and tea time. Is there any formula to calculate Start time to End time with excluding lunch time?
Here is example :
Lunch time :12:00pm to 1:00pm.
Duration Process :6 hours.
Start Time (8:00am)
End time (5:00 pm)
I need a formula to calculate from Start Time 8:00am and what is the End Time? with 1 hour lunch time...
Thanks,
ET
How can I calculate a 3% anual rent increase over 15 years (3% over the last year's rent)?
Need a formula to calculate weeks stock in hand based on 12 months forecast.
Here is the example.
Jan2011 Feb2011 Mar2011 Apr2011 May2011 Jun2011 Jul2011 Aug2011 Sep2011 Oct2011 Nov2011 Dec2011             Product XXXXX Actual/Forecast : 174 1674 574 574 524 524 524 524 524 728 728 728 New Purchases : 0 0 0 0 1002 0 0 0 0 0 0 0 Goods In Transit: 0 1506 0 0 0 0 0 0 0 0 0 0 Other Movements : 0 0 0 0 0 0 0 0 0 0 0 0 Closing Stock : 1270 1102 528 46 432 92 616 1140 1664 2392 3120 3848 Week Stock in Hand ? ? ? ? ? ? ? ? ? ? ? ?
So, in Month of Jan2011 the Closing stock is 1270, need a formula to calculate how many weeks will this stock cover look at future forecast.
Here is the example.
Jan2011 Feb2011 Mar2011 Apr2011 May2011 Jun2011 Jul2011 Aug2011 Sep2011 Oct2011 Nov2011 Dec2011             Product XXXXX Actual/Forecast : 174 1674 574 574 524 524 524 524 524 728 728 728 New Purchases : 0 0 0 0 1002 0 0 0 0 0 0 0 Goods In Transit: 0 1506 0 0 0 0 0 0 0 0 0 0 Other Movements : 0 0 0 0 0 0 0 0 0 0 0 0 Closing Stock : 1270 1102 528 46 432 92 616 1140 1664 2392 3120 3848 Week Stock in Hand ? ? ? ? ? ? ? ? ? ? ? ?
So, in Month of Jan2011 the Closing stock is 1270, need a formula to calculate how many weeks will this stock cover look at future forecast.
I have a sheet which has the start, stop and time taken for lunch breaks.
I want to calculate the total time worked such that i have the hours worked. So if i worked 7 hours and 30min then the total time would be 7.5hrs. But i am not sure how to take into account the lunch break time (see enclosed sheet).
anyone have any ideas?
I want to calculate the total time worked such that i have the hours worked. So if i worked 7 hours and 30min then the total time would be 7.5hrs. But i am not sure how to take into account the lunch break time (see enclosed sheet).
anyone have any ideas?
Good afternoon!
I'm working with Excel 2003 sp 3 on Windows xp.
I have been banging my head trying to jar loose the formula to calculate man days where 1 equals 8 hours. I have one that was given to me by a coworker:
=INT(Q3/8)+(((Q3/8)(INT(Q3/8)))*0.8)
That calculates man days from total hours. I need a formula that will total man days and return the man day answer. Example:
weekending 12/25 = 16.2 which is 16 man days and 2 hours
weekending 1/1 = 24.7 which is 24 man days and 7 hours
Total = 41 man days and 1 hour
I have also been asked if there was a way for a number to be entered into a spreadsheet and automatically put in order without a macro or "pushing a button".
Any advice is greatly appreciated!
Happy New Year!
~ Brenda ~
I'm working with Excel 2003 sp 3 on Windows xp.
I have been banging my head trying to jar loose the formula to calculate man days where 1 equals 8 hours. I have one that was given to me by a coworker:
=INT(Q3/8)+(((Q3/8)(INT(Q3/8)))*0.8)
That calculates man days from total hours. I need a formula that will total man days and return the man day answer. Example:
weekending 12/25 = 16.2 which is 16 man days and 2 hours
weekending 1/1 = 24.7 which is 24 man days and 7 hours
Total = 41 man days and 1 hour
I have also been asked if there was a way for a number to be entered into a spreadsheet and automatically put in order without a macro or "pushing a button".
Any advice is greatly appreciated!
Happy New Year!
~ Brenda ~
Hi,
I made a simple worksheet that we have been manually entering the time for employees, but there are too many errors (even with simple math). Can someone help me convert the time of ex: written 84:30 or 103 (meaning 8:00am to 4:30pm) where you have the total weekly hours? Right now I have a column for overtime. Is there a way to automatically calculate the over time also? The work day is 84:30 with a half hour lunch (lunch is not calculated into the hours, so you minus a half hour). 84:30 equals 8 hours. So, if a person works 8am to 6:30pm, how can I set it up where in the first row of time, I will type in 86:30pm. In the totals column to the far right, it will display 8 hours. In the (O.T.) column, it will display 2 hours.
This way, when I call in my payroll, I will have the total "regular" hours in one row and underneath, I will have the total overtime hours.
Or... does anyone have a better solution to keeping track of their hours?
Thanks!
Marty
I made a simple worksheet that we have been manually entering the time for employees, but there are too many errors (even with simple math). Can someone help me convert the time of ex: written 84:30 or 103 (meaning 8:00am to 4:30pm) where you have the total weekly hours? Right now I have a column for overtime. Is there a way to automatically calculate the over time also? The work day is 84:30 with a half hour lunch (lunch is not calculated into the hours, so you minus a half hour). 84:30 equals 8 hours. So, if a person works 8am to 6:30pm, how can I set it up where in the first row of time, I will type in 86:30pm. In the totals column to the far right, it will display 8 hours. In the (O.T.) column, it will display 2 hours.
This way, when I call in my payroll, I will have the total "regular" hours in one row and underneath, I will have the total overtime hours.
Or... does anyone have a better solution to keeping track of their hours?
Thanks!
Marty
I would like to create a formula that has a nottoexceed answer.
Example: I want the answer nottoexceed $10.00
$6.00 + $3.00 = $9.00
$6.00 + $7.00 = $10.00
Example: I want the answer nottoexceed $10.00
$6.00 + $3.00 = $9.00
$6.00 + $7.00 = $10.00
I'm trying to come up with a solution to calculate the man hours and days worked over multiple sheets.
I have a file that has 8 sheets. the first seven sheets are the days of the week and the 8th sheet is where I want to calculate the hours.
The days of the week consists of "Name" "Date" Hours"
The 8th sheet consists of "Name", "Days of the week in their own column (7 columns in total)", "Total Hours" and "Total Days Worked"
Now... each day is always a different group and what I'm hoping for is to create a formula that can grab each name with their hours and throw them into the 8th sheet. So when the end of the week is done I have all the Employees weekly hours and days worked all finished.
I hope this makes sense. This file is to track about 100 employees that are on a rotational work schedule.
I have attached a sample file.
Thanks in advance for your help.
I have a file that has 8 sheets. the first seven sheets are the days of the week and the 8th sheet is where I want to calculate the hours.
The days of the week consists of "Name" "Date" Hours"
The 8th sheet consists of "Name", "Days of the week in their own column (7 columns in total)", "Total Hours" and "Total Days Worked"
Now... each day is always a different group and what I'm hoping for is to create a formula that can grab each name with their hours and throw them into the 8th sheet. So when the end of the week is done I have all the Employees weekly hours and days worked all finished.
I hope this makes sense. This file is to track about 100 employees that are on a rotational work schedule.
I have attached a sample file.
Thanks in advance for your help.
I have a spreadsheet with simple (addition/subtraction) formulas. The file is quite large and the formulas are too. All of a sudden, the formulas stopped working except when I double click in the cell containing the actual formula. For example, if I enter "2" in each cell, A2 and B2, cell B3 should reflect "4" because there is a formula in cell B3 which totals cells A2 and B2. Only by double clicking on cell B3 will the program actually calculate. I'm totally perplexed and so is my IT contact. Anyone?