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Compounded interest between dates

  1. #1
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    Compounded interest between dates

    Hi there,

    I am trying to calculate the compounded interest between two dates.

    Example for a loan given:
    Date of the loan given: 17/11/2020
    Annual interest amount: 2% p.a. to be charged on a daily basis compounded
    End date of loan: 31/01/2021

    Thanks

  2. #2
    Forum Moderator - RIP Richard Buttrey's Avatar
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    Re: Compounded interest between dates

    Hi and welcome to the forum

    A1: Start date: 17/11/2020
    A2: Annual Int Rate: 2%
    A3: End Date : 31/1/2021

    =((1+A2/365)^(A3-A1+1)-1)

    Multiply that by the amount of the loan.
    Last edited by Richard Buttrey; 05-11-2021 at 05:40 AM.
    Richard Buttrey

    RIP - d. 06/10/2022

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