Excel formula: Calculate interest rate for loan
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•To calculate simple interest in Excel (i.e. interest that is not compounded), you can use a formula that multiples principal, rate, and term. •The general formula for simple interest is: interest=principal*rate*term . . . . #excel #exceltips #exceltricks #spreadsheets #dailyupdates #tipsandtricks #shortcuts #excelworld #reelsi̇nstagram #excelworkshop #microsoft #instagood #tutorial #facebookreels | Excel_your_day
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