calculation of interest between two dates
 

i had a unique problem. i have to calculate interest on some amount with
relation to some period of fiscal year. for ex

interest on 100 from 1/7/2000 to 31/1/2005(dd/mm/yyyy)

when rate of interest is
1/4/2000 to 31/3/2001 is 12%
1/4/2001 to 31/3/2002 is 11%
1/4/2002 to 31/3/2003 is 10%
1/4/2003 to 31/3/2004 is 12%
1/4/2004 to 31/3/2005 is 8%

kindly help
Arvind

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Message posted via http://www.officekb.com

For each row
1) subtract the earlier date from (1+ the later date) to get the # of days
at that interest rate
2) divide the number of days by the # of days in the year
3) multiply the result by the interest rate times the principal amount
4) sum your results


"Arvind Khanna via OfficeKB.com" wrote:

i had a unique problem. i have to calculate interest on some amount with
relation to some period of fiscal year. for ex

interest on 100 from 1/7/2000 to 31/1/2005(dd/mm/yyyy)

when rate of interest is
1/4/2000 to 31/3/2001 is 12%
1/4/2001 to 31/3/2002 is 11%
1/4/2002 to 31/3/2003 is 10%
1/4/2003 to 31/3/2004 is 12%
1/4/2004 to 31/3/2005 is 8%

kindly help
Arvind

--
Message posted via http://www.officekb.com

hi
this does not solve my problem. i wish to enter the 1st date (7/5/2000) and
last date (today or any date ) and the amount on which interest is to be
calculated at simple rate.

Arvind

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Message posted via http://www.officekb.com