To figure interest, you must know the amount of money (principal), the time period for which it was borrowed (time) and the interest rate that is being charged or paid. Compound or compounded interest is figured on the principal, then after the first payment, it is calculated on the remainder of the principal and after the next payment it is figured again on the remaining principal and so forth. Simple interest is calculated on the entire amount of money (called the principal) once and then the amount is divided by the number of payments and added to each payment.

If it is with a bank or financial institution, you will probably pay compound interest. To calculate the percentage of a number, multiply the number by the percentage value and divide the result by 100. it does the sum whereas I want to multiply instead of sum Amit Kumar. per, per1, and per1-per are in percentages date per per1 per1-per 0 0 0 0 0 0 2. If your loan is for a very short period of time or is a personal loan from a family member, you may pay simple interest. I am trying to calculate percent of percent. And if you use a charge card and do not pay off the charges when they are due, you will be charged interest. However, if you borrow money like taking out a loan for a car, boat, or house, you pay interest. This happens if you have a savings account or you purchase interest-earning bonds or Treasury Bills (TBs) or Certificates of Deposit (CDs).

When you invest money, you make interest – the interest is paid to you. For instance, 50 is represented as 0.5, and 75 is represented as 0.75. The difference between 50 and 40 is divided by 40 and multiplied by 100. The values are expressed as a decimal (as a result of division) we multiply. Percentage calculator () - calculate percentage with steps shown free online. In Excel, percentages are represented as decimal numbers between 0 and 1. An example would be if you were trying to find what is 10 percent of 100. So I come up with some relations that are calculated by this simple calculator. Interest is the biggest use of percentage in everyday life. Before diving into the specifics of multiplying percentages, it’s essential to understand how Excel handles percentages.

Multiply percentages online