Formula to Caculate Int

howard

Well-known Member
Joined
Jun 26, 2006
Messages
6,561
Office Version
  1. 2021
Platform
  1. Windows
I have various items in stock and was to calculate the interest for 30.42 days

Where the item has been in stock for less than 30.42 days then the interest must be calculated by taking the value of the item in Col R x int rate in Col AF/365 x No. of days in Stock in Col X, otherwise the interest must be calculated by taking the value of the item in Col R x int rate in Col AF/365 x 30.42



I get #value as a result

See my formula below

Code:
 =IF(X2>30.42,Q2*($AP$1/365)*30.42),Q2*($AP$1/365*X2)


Please check & advise



Book1
RSTUVWXYZAAABACADAEAF
1Value of ItemDays in StockMonthly Intint Rate6.50%
245925115[URL=https://www.mrexcel.com/forum/usertag.php?do=list&action=hash&hash=value]#value[/URL] !
36520525[URL=https://www.mrexcel.com/forum/usertag.php?do=list&action=hash&hash=value]#value[/URL] !
4
5
6
Sheet1
Cell Formulas
RangeFormula
AB2=IF(X2>30.42,Q2*($AF$1/365)*30.42),Q2*($AF$1/365*X2)
 

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Book1
RSTUVWXYZAAABACADAEAF
1Value of ItemDays in StockMonthly Intint Rate6.50%
245925115248.7877
36520525290.2962
Sheet1
Cell Formulas
RangeFormula
AB2=IF($X2>30.42,$R2*($AF$1/365)*30.42,$R2*($AF$1/365)*$X2)


WBD
 
Upvote 0
Thanks for the help. My apologies Q2 should have been R2


Your formula works perfectly
 
Upvote 0

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