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To calculate interest between two date ranges in Excel:
1. Calculate the number of days between the two dates by subtracting the start date from the end date and adding 1. 2. Use the formula: Code:
= (P * r * t) / 365 - P is the principal amount - r is the annual interest rate - t is the number of days between the two dates 3. Simplify the formula by using Excel's built-in functions. You can use the ROUND function to round the result to two decimal places. 4. Press Enter to calculate the result. For example, let's say you have a principal amount of $10,000, an annual interest rate of 5%, and you want to calculate the interest between January 1, 2021 and March 31, 2021. Using the above steps, the final formula would look like this:
That's it! I hope this helps you calculate interest between two date ranges in Excel.
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