You can figure out the total interest paid as follows:How to calculate total interest paid on a loan in Excel?Excel formula: Calculate loan interest in given year Excel formula: Calculate interest rate for loan | ExceljetExcel formula: Calculate interest rate for loan | ExceljetSelect the cell you will place the calculated result in, type the formula =CUMIPMT (B2/12,B3 12,B1,B4,B5,1), and press the Enter key. See screenshot: Note: In the formula, B2 is the annual loan interest rate, B2/12 will get the monthly rate; B3 is the years of the loan, B3 12 will get the total number of periods (months) during the loan; B1 is the One use of the RATE function is to calculate the periodic interest rate when the amount, number of payment periods, and payment amount are known. In this example, we want to calculate the interest rate for $5000 loan, and with 60 payments of $ each. The RATE function is configured as follows: = RATE(C7, C6, - C5) 12How to use Calculate the Interest Rate for a Loan in Excel. To determine the amount due for loan payment, given a loan duration/term, a Rate of Interest, and the initial loan amount, we can utilize the Excel PMT Operation In the example illustrated below, the operation syntax inserted into the formula bar of cell B6 is thus-To calculate the total interest for a loan in a given year, you can use the CUMIPMT function. In the example shown, the total interest paid in year 1 is calculated by using 1 for start period and 12 for end period. The The formula in F5 is: = CUMIPMT(5 % 12,60,30000,1,12,0)

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