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how to calculate simple interest using excel. By using the formula we come to know that Ram has to pay an EMI of Rs177698 for 12 months. Using the function PMTrateNPERPV PMT17122125400 the result is a monthly payment of 26699 to pay the debt off in two years.
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Suppose we have the following information to calculate compound interest in a table excel format systematically. A3B3C3 Enter this formula in cell D3 and then use the Fill function to carry it till cell D11. The rate argument is the interest rate per period for the loan.
Simple Interest is calculated using the formula given below A P 1 r t Simple Interest INR 1500000 1 10 2 Simple Interest INR 1500000 12.
Alternatively we can also calculate the EMI and Interest using the formula EMI P R 1R N1R N-1 EMI 2000012112 12112 12-1 EMI Rs. The formula we use to calculate simple interest is I P rt I P r t. Doing so opens a new spreadsheet for your. Interest principal rate term.
