All of you have learned the formula to calculate the compound interest in your school. Compound and simple interests are among the mathematical applications used in real life for years. At certain ...

Calculating Simple Interest is an excellent method to judge your savings in advance. However, calculating it for various interests and principal sums could be complex. This is where Excel comes to ...

Have you ever stared at an Excel spreadsheet, overwhelmed by its complexity, and thought, “There must be a better way to do this”? You’re not alone. Despite being one of the most widely used tools for ...

An Excel formula is any equation entered into a cell on a Microsoft Excel spreadsheet. These formulas are what make Excel so powerful. Any program can generate a table, and if that's all you're using ...

Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net Worthy, and an Investopedia contributor. Claire's expertise lies in corporate finance & accounting, mutual funds, ...

Simple interest is used when a company borrows money for a loan. Usually this amount will be on a monthly basis. The formula for simple interest is principal times the interest rate times the period.