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how to calculate simple daily interest in excel. The general formula for simple interest is. In simple interest you earn interest on the same principal for the investment term and you basically lose out income which you can earn on that additional amount.
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Next click on More Functions and point the cursor on Statistical. Thats all you need to do. Double-click the Excel app icon which resembles a white X on a dark-green background.
Interest principal rate term.
If you have 100 and the simple interest rate is 10 for 2 years you will have 102100 20 as interest. This built-in Excel formula allows you to measure the amount of interest you paid or will during a certain time. Calculating Daily Compound Interest 1. In this case B2 is the Principal and A2 is the Interest Rate per Period.
