Formula for interest
Bob I, thank you for your response, however...
I need to be able to change the interest rate which will be in the
appropriate cell and I need to change the days in a month which again will be
in the appropriate cell, so could I...
=10,000*A2/365*B2
Thank you
"Bob I" wrote:
=10000*.05/365*30
=A1*B1/C1*D1
The parentheses are ONLY for the users interpretation and are not needed.
justme wrote:
Pyrite - I tried this but I still get the error. I am trying to figure say
the interest on $10,000 for 30 days in the month.
$10,000 x 5% divide by 365 days in a year X 30 = ?
I appreciate your help!
justme
"Pyrite" wrote:
Depending on what you are trying to achieve there is probably an easier way
but to answer you exact question you could use:
=(((A1*B1)/C1)*D1)
"justme" wrote:
I want to take (a) times (b) divide by (c) and multiply by (d)
I did =SUM(A2*A3/A1*A4) and I get a #VALUE in my cell. What am I doing wrong?
Thank you so much.
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