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Calculate rent with 15% increase every 3 years

  1. #1
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    Question Calculate rent with 15% increase every 3 years

    Hi,
    I am trying to figure our how to calculate rent when there is an increase of 15% every 3 years

    Start year 2020
    Start Rent USD 500
    Increase after 3 years
    Rate 15%


    Rent for the 1st 3 years (2019-2021) is USD 500
    2022-2024 = USD 500+ 15% increase
    so on...

    require for next 15 years or more

    Any idea ?

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    Forum Expert bebo021999's Avatar
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    Re: Calculate rent with 15% increase every 3 years

    With A1 is starting amount
    A2=15%
    D1 is starting year,
    E1=D1 copy to the right

    Rent amount, D2:
    =$A$1*(1+INT((COLUMNS($D$1:D1)-1)/3)*$A$2)

    copy to the right
    Attached Files Attached Files
    Quang PT

  3. #3
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    Re: Calculate rent with 15% increase every 3 years

    Thanks for your quick reply. The years are in 1 column, I replace "columns() to Rows() = $A$1*(1+INT((ROWS($C$4:C4)-1)/3)*$A$2)
    It looks fine but the formula is taking 15% of the base year not the previous 3 years

    2018-2020 - USD 500
    2021-2022 - 15% increase from prev 3 years rent (500 + 15% = 575)
    2023-2025 - 575+15% = 661.25
    Last edited by dilshandil; 11-24-2020 at 09:55 AM.

  4. #4
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    Re: Calculate rent with 15% increase every 3 years

    If I understand the setup correctly* then the following should work in cells B4 and down:
    Formula: copy to clipboard
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    *Cell A1 =500
    *Cell A2 = 15%
    *Cell A4 = 2018
    *Cell A13 = 2027
    Let us know if you have any questions.
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