Need help in Interest Calculation

Santosh080

Board Regular
Joined
Jul 15, 2016
Messages
77
Office Version
  1. 2021
Platform
  1. Windows
Hello Friends


Today i have faced some difficulties in calculating monthly compounding interest.

In my office i have some loan accounts in which interest calculation stopped by system due to some error. Now i have to calculate the monthly interest of these accounts.

Like this example,

This is the Client's account data, here client deposited certain amount regularly but interest have stopped from 30-07-2019

DateInfoDebit AmountCredit AmountOutstanding
30-07-2019​
26,50,774.74​
31-07-2019​
Deposit
3,800.00​
31-07-2019​
Deposit
2,000.00​
31-08-2019​
Deposit
3,800.00​
31-08-2019​
Deposit
2,000.00​
30-09-2019​
Deposit
3,800.00​
30-09-2019​
Deposit
2,000.00​
01-11-2019​
Deposit
3,800.00​
01-11-2019​
Deposit
2,000.00​
26-11-2019​
Deposit
1,50,000.00​
30-11-2019​
Deposit
3,800.00​
30-11-2019​
Deposit
2,000.00​
02-12-2019​
Deposit
12,000.00​
07-12-2019​
Deposit
3,000.00​
16-12-2019​
Deposit
10,000.00​
24-12-2019​
Deposit
10,000.00​
01-01-2020​
Deposit
3,800.00​
01-01-2020​
Deposit
2,000.00​
02-01-2020​
Deposit
10,000.00​
03-02-2020​
Deposit
3,800.00​
03-02-2020​
Deposit
2,000.00​
04-02-2020​
Deposit
10,000.00​
29-02-2020​
Deposit
3,800.00​
29-02-2020​
Deposit
2,000.00​
03-03-2020​
Deposit
11,000.00​
09-03-2020​
WITHDRAWALS
2,360.00​
11-03-2020​
WITHDRAWALS
11,800.00​
26-03-2020​
Deposit
3,800.00​
26-03-2020​
Deposit
2,000.00​
30-04-2020​
Deposit
3,800.00​
30-04-2020​
Deposit
2,000.00​
30-05-2020​
Deposit
3,800.00​
30-05-2020​
Deposit
2,000.00​
30-06-2020​
Deposit
3,800.00​
30-06-2020​
Deposit
2,000.00​
31-07-2020​
Deposit
3,800.00​
31-07-2020​
Deposit
2,000.00​
31-08-2020​
Deposit
2,000.00​
15-09-2020​
Deposit
1,00,000.00​
15-09-2020​
Deposit
1,00,000.00​
30-09-2020​
Deposit
2,000.00​
30-10-2020​
Deposit
2,000.00​
27-11-2020​
Deposit
2,000.00​
31-12-2020​
Deposit
2,000.00​
30-01-2021​
Deposit
2,000.00​
26-02-2021​
Deposit
2,000.00​
31-03-2021​
Deposit
30,400.00​
31-03-2021​
Deposit
2,000.00​
30-04-2021​
Deposit
3,800.00​
30-04-2021​
Deposit
2,000.00​
29-05-2021​
Deposit
3,800.00​
29-05-2021​
Deposit
2,000.00​
30-06-2021​
Deposit
3,800.00​
30-06-2021​
Deposit
2,000.00​
31-07-2021​
Deposit
3,800.00​
31-07-2021​
Deposit
2,000.00​
31-08-2021​
Deposit
3,800.00​
31-08-2021​
Deposit
2,000.00​
30-09-2021​
Deposit
3,800.00​
30-09-2021​
Deposit
2,000.00​

And this what i am doing manually to calculate monthly interest by using formula(written in table). 11= Interest Rate

Like this i have 57 accounts. Here i want some help to quickly do this. Can i do this automatically? By putting some information like last intrest stop date, clients deposits with date etc.. I want monthly interest in which i want to include clients deposit like below. If any non-vba solution possible? or vba? I have little bit knowledge in vba.


Date
Interest
CreditBalance
No of Days​
[A2] 30-07-2019​
2650775​
31-07-2019​
3800​
2646975​
31-07-2019​
2000​
2644975​
31-08-2019​
3800​
2641175​
31-08-2019​
2000​
2639175​
31-08-2019​
[=ROUND(E7*11*D6/36500,2)] 25451.77​
2664627​
(=A7-A2)32​
30-09-2019​
3800​
2660827​
30-09-2019​
2000​
2658827​
30-09-2019​
24038.71​
2682865​
30​
01-11-2019​
0​
3800​
2679065​
01-11-2019​
0​
2000​
2677065​
01-11-2019​
25817.18​
2702882​
32​
26-11-2019​
0​
150000​
2552882​
30-11-2019​
0​
3800​
2549082​
30-11-2019​
0​
2000​
2547082​
30-11-2019​
22260.8​
2569343​
29​
02-12-2019​
0​
12000​
2557343​
07-12-2019​
0​
3000​
2554343​
16-12-2019​
0​
10000​
2544343​
24-12-2019​
0​
10000​
2534343​
31-12-2019​
23677.01​
2558020​
31​
01-01-2020​
0​
3800​
2554220​
01-01-2020​
0​
2000​
2552220​
02-01-2020​
0​
10000​
2542220​
31-01-2020​
23750.61​
2565971​
31​
03-02-2020​
0​
3800​
2562171​
03-02-2022​
0​
2000​
2560171​
04-02-2020​
0​
10000​
2550171​
29-02-2020​
0​
3800​
2546371​
29-02-2020​
0​
2000​
2544371​
29-02-2020​
22237.1​
2566608​
29​
03-03-2020​
11000​
2555608​
09-03-2020​
2360​
2557968​
11-03-2020​
11800​
2569768​
26-03-2020​
3800​
2565968​
26-03-2020​
2000​
2563968​
31-03-2020​
23953.78​
2587922​
31​
30-04-2020​
0​
3800​
2584122​
30-04-2020​
0​
2000​
2582122​
30-04-2020​
23345.21​
2605467​
30​
30-05-2020​
0​
3800​
2601667​
30-05-2020​
0​
2000​
2599667​
31-05-2020​
24287.3​
2623954​
31​
30-06-2020​
0​
3800​
2620154​
30-06-2020​
0​
2000​
2618154​
30-06-2020​
23670.98​
2641825​
30​
31-07-2020​
0​
3800​
2638025​
31-07-2020​
0​
2000​
2636025​
31-07-2020​
24626.98​
2660652​
31​
31-08-2020​
0​
2000​
2658652​
31-08-2020​
24838.37​
2683491​
31​
15-09-2020​
0​
100000​
2583491​
15-09-2020​
0​
100000​
2483491​
30-09-2020​
0​
2000​
2481491​
30-09-2020​
22435.39​
2503926​
30​
30-10-2020​
0​
2000​
2501926​
31-10-2020​
23374.16​
2525300​
31​
27-11-2020​
0​
2000​
2523300​
30-11-2020​
22813.4​
2546113​
30​
31-12-2020​
0​
2000​
2544113​
31-12-2020​
23768.29​
2567882​
31​
30-01-2021​
0​
2000​
2565882​
31-01-2021​
23971.66​
2589853​
31​
26-02-2021​
0​
2000​
2587853​
28-02-2021​
21837.23​
2609691​
28​
31-03-2021​
0​
30400​
2579291​
31-03-2021​
0​
2000​
2577291​
31-03-2021​
24078.25​
2601369​
31​
30-04-2021​
0​
3800​
2597569​
30-04-2021​
0​
2000​
2595569​
30-04-2021​
23466.79​
2619036​
30​
29-05-2021​
0​
3800​
2615236​
29-05-2021​
0​
2000​
2613236​
31-05-2021​
24414.07​
2637650​
31​
30-06-2021​
0​
3800​
2633850​
30-06-2021​
0​
2000​
2631850​
30-06-2021​
25381.13​
2657231​
32​
31-07-2021​
0​
3800​
2653431​
31-07-2021​
0​
2000​
2651431​
31-07-2021​
24770.9​
2676202​
31​
31-08-2021​
0​
3800​
2672402​
31-08-2021​
0​
2000​
2670402​
31-08-2021​
24948.14​
2695350​
31​
30-09-2021​
0​
3800​
2691550​
30-09-2021​
0​
2000​
2689550​
30-09-2021​
24316.48​
2713866​
30​
 

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