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New Member
Joined
Feb 15, 2018
Messages
42
Office Version
  1. 2019
Platform
  1. Windows
Hello, Can anyone help me make an automated Excel spreadsheet to calculate the interest on every month's contributions? The compound interest is calculated once at the end of the financial year by taking the monthly contributions.

Here the only input value is Basic (I column) and the Interest Value for that year. So if we input those two values the output values should be as in below sheet.

J column will be derived from basic i.e. 12% of basic.
K column will be 3.67 % of basic value
L column will be 8.33 % of basic value (No need to calculate the interest on this column)


PF.xlsx
FGHIJKL
4
5ParticularsEmployee BalanceEmployer BalancePension Balance
6OB Int. Updated upto 01/04/201833,32510,19121,416
7WagesContribution
8Wage MonthBasic12%Basic3.67%Basic8.33%Basic
9Mar-201812,6851,5224651,057
10Apr-201812,6851,5224651,057
11May-201812,6851,5224651,057
12Jun-201812,6851,5224651,057
13Jul-201812,6851,5224651,057
14Aug-201812,6851,5224651,057
15Sep-201812,6851,5224651,057
16Oct-201812,6851,5224651,057
17Nov-201812,6851,5224651,057
18Dec-201812,6851,5224651,057
19Jan-201914,5481,7465341,212
20Feb-201914,5481,7465341,212
21Total Contributions for the year [ 2018 ]18,7125,71812,994
22Total Transfer-Ins/VDRs for the year [ 2018 ]000
23Total Withdrawals for the year [ 2018 ]000
24Int. Updated upto 31/03/20193,6081,1030
25Closing Balance as on 31/03/201955,64517,01234,410
Sheet1
 

Excel Facts

What is the fastest way to copy a formula?
If A2:A50000 contain data. Enter a formula in B2. Select B2. Double-click the Fill Handle and Excel will shoot the formula down to B50000.

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