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

Select all contiguous cells
Pressing Ctrl+* (asterisk) will select the "current region" - all contiguous cells in all directions.

jbeaucaire

Well-known Member
Joined
May 8, 2002
Messages
6,012
If you look at your sentences, you almost provide the syntax yourself.

In E22:
=D22+(D22*(C22/12))
 

Watch MrExcel Video

Forum statistics

Threads
1,129,593
Messages
5,637,294
Members
416,963
Latest member
zazama

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Top