Scribd
Upload
114 views4 pages

Simple Interest Formula Excel Template

This document provides an Excel template to calculate simple interest and installments over a loan period. It shows a sample loan of Rs. 500,000 with an interest rate of 10% per year paid monthly over 24 months. The template calculates the monthly interest payment, principal payment, and outstanding principal balance each month to fully repay the loan. Instructions are included on how to calculate monthly simple interest and installments using formulas in Excel.

Uploaded by

Nirmal Ponnusamy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
114 views4 pages

Simple Interest Formula Excel Template

This document provides an Excel template to calculate simple interest and installments over a loan period. It shows a sample loan of Rs. 500,000 with an interest rate of 10% per year paid monthly over 24 months. The template calculates the monthly interest payment, principal payment, and outstanding principal balance each month to fully repay the loan. Instructions are included on how to calculate monthly simple interest and installments using formulas in Excel.

Uploaded by

Nirmal Ponnusamy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
You are on page 1/ 4

Simple Interest Formula Excel Template

Prepared by Dheeraj Vaidya, CFA, FRM


[email protected]

visit - www.wallstreetmojo.com
Installment Month Principal EMI Amount Interest Payment Principal Payment
1 500000.00 23072.46 4166.67 18905.80
2 481094.20 23072.46 4009.12 19063.34
3 462030.86 23072.46 3850.26 19222.21
4 442808.65 23072.46 3690.07 19382.39
5 423426.26 23072.46 3528.55 19543.91
6 403882.35 23072.46 3365.69 19706.78
7 384175.57 23072.46 3201.46 19871.00
8 364304.57 23072.46 3035.87 20036.59
9 344267.98 23072.46 2868.90 20203.56
10 324064.42 23072.46 2700.54 20371.93
11 303692.49 23072.46 2530.77 20541.69
12 283150.80 23072.46 2359.59 20712.87
13 262437.93 23072.46 2186.98 20885.48
14 241552.45 23072.46 2012.94 21059.53
15 220492.92 23072.46 1837.44 21235.02
16 199257.90 23072.46 1660.48 21411.98
17 177845.92 23072.46 1482.05 21590.41
18 156255.50 23072.46 1302.13 21770.33
19 134485.17 23072.46 1120.71 21951.75
20 112533.42 23072.46 937.78 22134.68
21 90398.73 23072.46 753.32 22319.14
22 68079.59 23072.46 567.33 22505.13
23 45574.46 23072.46 379.79 22692.68
24 22881.78 23072.46 190.68 22881.78
TOTAL 553739.12 53739.12 500000.00

Simple Interest calculation Principal* Interest* Time period


Monthly Simple Interest calculatio 500000*(10%/12)*1
4166.67

Monthly EMI Amount is computed in Excel using PMT function


Outstanding Principal
481094.20
462030.86
442808.65
423426.26
403882.35
384175.57
364304.57
344267.98
324064.42
303692.49
283150.80
262437.93
241552.45
220492.92
199257.90
177845.92
156255.50
134485.17
112533.42
90398.73
68079.59
45574.46
22881.78
0.00
Principal 20000
Rate 5%
Months 6 months
500

You might also like