Simple Interest Formula Excel Template

Prepared by Dheeraj Vaidya, CFA, FRM

dheeraj@wallstreetmojo.com

visit - www.wallstreetmojo.com
 Installment Month Principal EMI Amount Interest Payment Principal Payment
1 500000.00 23072.46 4166.67 18905.80
2 481094.20 23072.46 4009.12 19063.34
3 462030.86 23072.46 3850.26 19222.21
4 442808.65 23072.46 3690.07 19382.39
5 423426.26 23072.46 3528.55 19543.91
6 403882.35 23072.46 3365.69 19706.78
7 384175.57 23072.46 3201.46 19871.00
8 364304.57 23072.46 3035.87 20036.59
9 344267.98 23072.46 2868.90 20203.56
10 324064.42 23072.46 2700.54 20371.93
11 303692.49 23072.46 2530.77 20541.69
12 283150.80 23072.46 2359.59 20712.87
13 262437.93 23072.46 2186.98 20885.48
14 241552.45 23072.46 2012.94 21059.53
15 220492.92 23072.46 1837.44 21235.02
16 199257.90 23072.46 1660.48 21411.98
17 177845.92 23072.46 1482.05 21590.41
18 156255.50 23072.46 1302.13 21770.33
19 134485.17 23072.46 1120.71 21951.75
20 112533.42 23072.46 937.78 22134.68
21 90398.73 23072.46 753.32 22319.14
22 68079.59 23072.46 567.33 22505.13
23 45574.46 23072.46 379.79 22692.68
24 22881.78 23072.46 190.68 22881.78
TOTAL 553739.12 53739.12 500000.00

Simple Interest calculation Principal* Interest* Time period

Monthly Simple Interest calculatio 500000*(10%/12)*1
4166.67

Monthly EMI Amount is computed in Excel using PMT function

Outstanding Principal
481094.20
462030.86
442808.65
423426.26
403882.35
384175.57
364304.57
344267.98
324064.42
303692.49
283150.80
262437.93
241552.45
220492.92
199257.90
177845.92
156255.50
134485.17
112533.42
90398.73
68079.59
45574.46
22881.78
0.00
Principal 20000
Rate 5%
Months 6 months
500