Yearly Interest Calculation

signup

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

How can you turn a range sideways?
Copy the range. Select a blank cell. Right-click, Paste Special, then choose Transpose.

Forum statistics

Threads
1,223,941
Messages
6,175,537
Members
452,652
Latest member
eduedu

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Back
Top