Exceldummy
New Member
Dear All,
I want to write a formula in excel to calculate interest for the following dates:
a) 31/03/2015
b) 30/06/2015
c) 31/02/2016
Data:
Loan amount: $1,000.00
Loan date: 7 April 2014
Interest Rate: 11.8% per annum
Compounding : every year on 7 April
Please can you help me with the calculation.
Thanks
Exceldummy
I want to write a formula in excel to calculate interest for the following dates:
a) 31/03/2015
b) 30/06/2015
c) 31/02/2016
Data:
Loan amount: $1,000.00
Loan date: 7 April 2014
Interest Rate: 11.8% per annum
Compounding : every year on 7 April
Please can you help me with the calculation.
Thanks
Exceldummy