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how to calculate simple interest in days. The formula for calculating simple interest is I PRT. If the periodic yield were greater for example 102 for the same 90-day period the interest or gain for the 90-day period would be correspondingly greater.
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Next click on More Functions and point the cursor on Statistical. When calculating simple interest by days use the number of days for t and divide the interest rate by 365. Multiply the daily interest by the number of days.
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How to calculate your interest. Convert the percentage rate to a decimal. The simple interest formula. In order to do a simple interest calculation in Excel using the COUNTA function follow the procedure below.
