Looking for logical date formula

spycein

Board Regular
Joined
Mar 8, 2014
Messages
135
Office Version
  1. 365
Platform
  1. Windows
Hi Every one,
I have a following data of Fixed Deposit

Principal AmountInterest Rate %FD Start DateFD Maturity DateNo. of Days Maturity Amount Total Interest Earned
1,000.00
5.00%​
29-Oct-18​
29-Jan-19​
92​
1,013.00 13.00
2,000.00
6.00%​
03-Jan-19​
08-Apr-19​
95​
2,031.00 31.00
3,000.00
6.00%​
03-Jan-19​
08-Apr-19​
95​
3,047.00 47.00
4,000.00
5.00%​
29-Jan-19​
01-May-19​
92​
4,050.00 50.00
5,000.00
6.00%​
08-Apr-19​
09-Jul-19​
92​
5,076.00 76.00
6,000.00
6.00%​
01-May-19​
01-Aug-19​
92​
6,091.00 91.00

I am looking for a excel formula which would return the interest amount for a specific period.
For example if i provide a date range as start date 01/01/2019 and end date 31/01/2019 then the formula should return the interest amount for the period only.
Thanks in Advance.
Best Regards,
 

Excel Facts

Why does 9 mean SUM in SUBTOTAL?
It is because Sum is the 9th alphabetically in Average, Count, CountA, Max, Min, Product, StDev.S, StDev.P, Sum, VAR.S, VAR.P.
This is what your last column is already doing i.e. for the first line the interest rate is 5% (which for a whole year would be 50) - the period is 92 days so the interest would be (50/365) X 92 so the formula for 7th column could be (assuming the table starts in Cell A1):

=A2*B2/365*E2
 
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