Stuck on Percentage Calculation

Vintage79

Board Regular
Joined
May 29, 2007
Messages
166
Hello all!

I am trying to make a simple calculation to work out a property value. If a bank is willing to loan 360k with the understanding that you must put down a 10% deposit on a house, then you can buy a house up to 400k in value. I want to be able to enter the loan amount, and the deposit percentage, and find out the maximum property value.

I think the equation looks like this, where PV is property value: PV-(0.1*PV)=360. I then searched around, and found that it might be solved using a quadratic equation, like this: PV-(0.1)*PV-(360)=0. But I don't think this is taking me down a road that will help me find an Excel formula!

Can anyone help with this?

Thank you! :)
 

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Vintage79

Board Regular
Joined
May 29, 2007
Messages
166
Wow, that looks so simple now! Thanks so much for this, I struggled for ages trying to figure this out, before I eventually posted it here. It goes to show how easy it is to over-complicate stuff!

Thanks again!:):)
 

AhoyNC

Well-known Member
Joined
Oct 10, 2011
Messages
4,719
Office Version
  1. 365
Platform
  1. Windows
You're welcome. Thanks for the feedback.
 

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