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Rate of Interest 36% here

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    Rate of Interest 36% here

    In this excel rate of interest is 36% i don't know How to find the rate of interest 36% here ?
    Can you pls give solution
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    Re: Rate of Interest 36% here

    What and where are your expected outcomes on the first row of your sample data sheet?
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    Re: Rate of Interest 36% here

    i don't know it exactly. My senior told like that. You just find out it. So i am asking help to you

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    Re: Rate of Interest 36% here

    Yes, but you have not told us which columns are to be used to calculate this 36% interest or where it should appear (I presume in column X). What is the calculation that your senior would use to do the calculation manually?

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    Re: Rate of Interest 36% here

    yes X column i think

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    Re: Rate of Interest 36% here

    OK - good. And what is the manual calculation? 36% of which column?

    For example, 36% of the principal amount would be this:

    =Q2*0.36

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    Re: Rate of Interest 36% here

    If that takes care of your original question, please select Thread Tools from the menu link above and mark this thread as SOLVED. Thanks.

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    Re: Rate of Interest 36% here

    Hi,

    I think we need more information. You say your senior is telling you the rate is 36%.
    I'm assuming you're after the compound interest rate for the numbers you've shown over the period shown. In which case I calculate the interest rate as being 24% p.a.

    i.e. for row 2 (they're all the same 24%)

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    Re: Rate of Interest 36% here

    completed. thanks alot

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    Re: Rate of Interest 36% here

    Quote Originally Posted by maddyrafi1987 View Post
    completed. thanks alot
    Purely out of interest did your senior agree that the answer shouold be 24% and not 36%?

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    Re: Rate of Interest 36% here

    my senior also confused in this. So he told me use as usual what you done before

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