K
Keyur
if you just want to solve this problem, you will have to
look into some grade 10 math book or go to
http://www.moneychimp.com/articles/finworks/fmfutval.htm
and click calculator and then rate of return. enter your
amounts will give you your rate.
i hvnt done this on excel but you can enter a compund
interest formula that will return interest rate. there are
two interest formulas in excel (IPMT and ISPMT) go in
excel help to check the definitions of the parameters.
hope this helps
look into some grade 10 math book or go to
http://www.moneychimp.com/articles/finworks/fmfutval.htm
and click calculator and then rate of return. enter your
amounts will give you your rate.
i hvnt done this on excel but you can enter a compund
interest formula that will return interest rate. there are
two interest formulas in excel (IPMT and ISPMT) go in
excel help to check the definitions of the parameters.
hope this helps