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#1
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Simple interest
I invested 100$ 35 days back and got 122.75$ today, I want to calculte the
interest received |
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#2
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Simple interest
(122.75*(365/35))/100-1=11.80107143=1180.11%
Please, let me know the next such investment opportunity! Regards, Stefi €žGorthi€ ezt Ã*rta: I invested 100$ 35 days back and got 122.75$ today, I want to calculte the interest received |
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#3
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Simple interest
Shouldn't it be =(122.75-100)*(365/35)/100 (a mere 237.25%) Stefi ?
-- David Biddulph "Stefi" wrote in message ... (122.75*(365/35))/100-1=11.80107143=1180.11% Please, let me know the next such investment opportunity! Regards, Stefi "Gorthi" ezt írta: I invested 100$ 35 days back and got 122.75$ today, I want to calculte the interest received |
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#4
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Simple interest
Which function do i use in the Financial calculations? This mathematical way
is ok. Is it the only way? "Stefi" wrote: (122.75*(365/35))/100-1=11.80107143=1180.11% Please, let me know the next such investment opportunity! Regards, Stefi €žGorthi€ ezt Ã*rta: I invested 100$ 35 days back and got 122.75$ today, I want to calculte the interest received |
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#5
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Simple interest
Sorry, of course you are right. Next time I'll check my post more carefully.
237.25% interest is still not bad! Stefi €žDavid Biddulph€ ezt Ã*rta: Shouldn't it be =(122.75-100)*(365/35)/100 (a mere 237.25%) Stefi ? -- David Biddulph "Stefi" wrote in message ... (122.75*(365/35))/100-1=11.80107143=1180.11% Please, let me know the next such investment opportunity! Regards, Stefi "Gorthi" ezt Ã*rta: I invested 100$ 35 days back and got 122.75$ today, I want to calculte the interest received |
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#6
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Simple interest
Is there no simple function in the financial calculations rather than doing
all this math? "David Biddulph" wrote: Shouldn't it be =(122.75-100)*(365/35)/100 (a mere 237.25%) Stefi ? -- David Biddulph "Stefi" wrote in message ... (122.75*(365/35))/100-1=11.80107143=1180.11% Please, let me know the next such investment opportunity! Regards, Stefi "Gorthi" ezt Ã*rta: I invested 100$ 35 days back and got 122.75$ today, I want to calculte the interest received |
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#7
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Simple interest
This is a straight percentage problem. The simple interest rate is
(122.75-100.00)/100.00 = 22.75% If you want to annualize this rate, use the =Rate function. -- Regards, Fred "Gorthi" wrote in message ... I invested 100$ 35 days back and got 122.75$ today, I want to calculte the interest received |
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#8
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Simple interest
All financial functions use compound interest. You wanted simple interest. So
the answer is, no, there is no financial function for your calculation. -- Regards, Fred "Gorthi" wrote in message ... Which function do i use in the Financial calculations? This mathematical way is ok. Is it the only way? "Stefi" wrote: (122.75*(365/35))/100-1=11.80107143=1180.11% Please, let me know the next such investment opportunity! Regards, Stefi "Gorthi" ezt írta: I invested 100$ 35 days back and got 122.75$ today, I want to calculte the interest received |
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#9
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Simple interest
Regardless of the result, the formula does not properly annualize the rate of
return. Your formula assumes you earn $22.75 every 35 days. However, if you reinvested the $122.75 for 35 days at the same rate, you would earn $27.93. The proper way to annualize the rate of return is to use the future value function, as in: =fv(22.75%,365/35,0,-1)-1 or 747.94% -- Regards, Fred "Stefi" wrote in message ... Sorry, of course you are right. Next time I'll check my post more carefully. 237.25% interest is still not bad! Stefi "David Biddulph" ezt írta: Shouldn't it be =(122.75-100)*(365/35)/100 (a mere 237.25%) Stefi ? -- David Biddulph "Stefi" wrote in message ... (122.75*(365/35))/100-1=11.80107143=1180.11% Please, let me know the next such investment opportunity! Regards, Stefi "Gorthi" ezt írta: I invested 100$ 35 days back and got 122.75$ today, I want to calculte the interest received |
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#10
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Simple interest
That would be fine if the investment had a compounding interval of 35 days,
but that would be an unusual interval; in many cases the compounding interval is annual or biannual. [But, as you said in another post, the OP asked for simple interest, not compound interest.] -- David Biddulph "Fred Smith" wrote in message ... Regardless of the result, the formula does not properly annualize the rate of return. Your formula assumes you earn $22.75 every 35 days. However, if you reinvested the $122.75 for 35 days at the same rate, you would earn $27.93. The proper way to annualize the rate of return is to use the future value function, as in: =fv(22.75%,365/35,0,-1)-1 or 747.94% "Stefi" wrote in message ... Sorry, of course you are right. Next time I'll check my post more carefully. 237.25% interest is still not bad! Stefi "David Biddulph" ezt írta: Shouldn't it be =(122.75-100)*(365/35)/100 (a mere 237.25%) Stefi ? "Stefi" wrote in message ... (122.75*(365/35))/100-1=11.80107143=1180.11% Please, let me know the next such investment opportunity! Regards, Stefi "Gorthi" ezt írta: I invested 100$ 35 days back and got 122.75$ today, I want to calculte the interest received |
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