CALCULATE INTEREST OF LOAN In Hindi

This topic has been explained in great detail in the video shown below, to learn this topic just play the video and the notes are mentioned below the video.


CALCULATE INTEREST OF LOAN In Hindi






CALCULATE INTEREST OF LOAN

Learn To calculate the interest of any loan before taking a loan so that you can take an informed decision. Interest on a loan can become a major issue if not taken care off so it always makes sense to know how much interest will you pay on a loan.

i have used the IPMT formula to calculate the interest of the loan and here is a description for the IPMT formula from a microsoft support blog

 

Description

Returns the interest payment for a given period for an investment based on periodic, constant payments and a constant interest rate.

Syntax

IPMT(rate, per, nper, pv, [fv], [type])

The IPMT function syntax has the following arguments:

  • Rate    Required. The interest rate per period.

  • Per    Required. The period for which you want to find the interest and must be in the range 1 to nper.

  • Nper    Required. The total number of payment periods in an annuity.

  • Pv    Required. The present value, or the lump-sum amount that a series of future payments is worth right now.

  • Fv    Optional. The future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (the future value of a loan, for example, is 0).

  • Type    Optional. The number 0 or 1 and indicates when payments are due. If type is omitted, it is assumed to be 0.

Set type equal to

If payments are due

0

At the end of the period

1

At the beginning of the period

Remarks

  • Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-year loan at 12 percent annual interest, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 12% for rate and 4 for nper.

  • For all the arguments, cash you pay out, such as deposits to savings, is represented by negative numbers; cash you receive, such as dividend checks, is represented by positive numbers.

Example

Copy the example data in the following table, and paste it in cell A1 of a new Excel worksheet. For formulas to show results, select them, press F2, and then press Enter. If you need to, you can adjust the column widths to see all the data.

Data

Description

 

10.00%

Annual interest

 

1

Period for which you want to find the interest paid.

3

Years of loan

 

$8,000

Present value of loan

 

Formula

Description

Live Result

=IPMT(A2/12, A3, A4*12, A5)

Interest due in the first month for a loan with the terms in A2:A5.

($66.67)

=IPMT(A2, 3, A4, A5)

Interest due in the last year for a loan with the same terms, where payments are made yearly.

($292.45)

 

 








Our Other Services




Read Free Ebooks

myeboook.com

Myebook has 1000's of free ebooks for you. On productivity, health, online income, learning, music and many more, it's free of course!



Buy Excel Course

myelesson.org/product

Become an Excel Guru, Buy the best Excel course. Learn on your mobile, tv & laptop without internet. For COD, Call 9752003788



Create Best Looking Resume

http://www.makecv.org/

At Makecv.org you get to create a amazingly professional looking resume in just 3 steps with our intuitive resume builder!


Download Excel Crash Course


This Excel Crash Course contains the list of topics that cover the most important and used features and formula of Excel . This Excel Crash Course lists 43 major topics in Excel so that you can start using Excel like a pro in the shortest possible time.



Learn Photoshop Web Designing


You can Buy the Photoshop Course to learn Photoshop and start a career in Web Designing and Photo Editing. .



Learn HTML CSS


You can Buy the HTML CSS Course to learn HTML CSS and start a career in Web Designing and Photo Editing. .


Download Full list of Excel Shortcuts


This Excel Shortcuts Complete list is to help you become save time and use Excel like a Master level user. Excel is best used when you know the Keyboard shortcuts because the use of keyboard shortcuts in Excel helps you in completing tasks faster.

I have created a Excel Shortcuts complete list for you to use Excel better, this list has 242 excel keyboard shortcuts which means that it covers almost everything that can be done using shortcuts in Excel.




Full List of Excel Formulas

This is a complete alphabetical list of all the Formula in Excel with a description. You can learn all these formulas on www.Myelesson.org




Convert Numbers to Text in Excel

Now easily convert numbers to Text in Excel with this inbuilt sheet from myelesson.org .  Many times we need the amount in figures to be converted into words. This is a typical requirement for writing checks or any other financial reports. Microsoft Excel does not have standard function available for this requirement. Just download this sheet and then you can convert any number to text in Excel.




List of Most Commonly Asked Excel Questions in Interviews

Here is the list of most asked excel related questions in interviews.  Prepare for this excel questions and you would be able to most of the excel interviews. This list of excel questions covers excel formula, excel analysis, excel reporting, excel charts and more.





Myelesson © 2010 - 2014. All rights reserved.

Do You Want to Become a Expert in Excel ?
Buy The Full Excel Course Now
Enter Your Details & We Will Contact You
Great Choice
Thank You
Ok
Do You Want to Become a Expert in Excel ?
Buy The Full Excel Course Now
Enter Your Details & We Will Contact You
Great Choice
Thank You
Ok