Excel- how to compute balance balance + interest for one month

rgnsuphc

Board Regular
Joined
Mar 10, 2009
Messages
51
The directions say that to form a chart that looks like this:
sorry, the percentage should be under interests
*columns starts from b all the way to o, the rows are 21,22,23

<TABLE style="WIDTH: 731pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=973 border=0><COLGROUP><COL style="WIDTH: 68pt; mso-width-source: userset; mso-width-alt: 3291" width=90><COL style="WIDTH: 70pt; mso-width-source: userset; mso-width-alt: 3401" width=93><COL style="WIDTH: 56pt; mso-width-source: userset; mso-width-alt: 2706" width=74><COL style="WIDTH: 48pt" span=7 width=64><COL style="WIDTH: 57pt; mso-width-source: userset; mso-width-alt: 2779" width=76><COL style="WIDTH: 48pt" span=3 width=64><TBODY><TR style="HEIGHT: 15pt" height=20><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 68pt; BORDER-BOTTOM: #f0f0f0; HEIGHT: 15pt; BACKGROUND-COLOR: transparent" width=90 height=20>Account No.</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 70pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=93>Interest %</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 56pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=74>Jan</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 48pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=64>Feb</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 48pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=64>Mar</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 48pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=64>Apr</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 48pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=64>May</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 48pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=64>Jun</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 48pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=64>Jul</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 48pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=64>Aug</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 57pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=76>Sep</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 48pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=64>Oct</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 48pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=64>Nov</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; WIDTH: 48pt; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" width=64>Dec</TD></TR><TR style="HEIGHT: 15pt" height=20><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; HEIGHT: 15pt; BACKGROUND-COLOR: transparent" height=20>16-239 </TD><TD class=xl63 style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" align=right>22%</TD><TD class=xl64 style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"> $ 1,000.00 </TD><TD class=xl65 style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 15pt" height=20><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; HEIGHT: 15pt; BACKGROUND-COLOR: transparent" height=20>18-902</TD><TD class=xl63 style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent" align=right>31%</TD><TD class=xl64 style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"> $ 500.00 </TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent">

</TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #f0f0f0; BORDER-TOP: #f0f0f0; BORDER-LEFT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; BACKGROUND-COLOR: transparent"></TD></TR></TBODY></TABLE>

Then is says write a formula for e22 that will compute februrary's balance this way: January balance +interest for one month

Interest is computed by multiplying the previous month's balance by one twelfth of the interest rate.

I believe this is solved by the "if" functions, but im very confused on what to do
 

Excel Facts

Whats the difference between CONCAT and CONCATENATE?
The newer CONCAT function can reference a range of cells. =CONCATENATE(A1,A2,A3,A4,A5) becomes =CONCAT(A1:A5)
If you look at your sentences, you almost provide the syntax yourself.

In E22:
=D22+(D22*(C22/12))
 
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