To calculate the periodic interest rate for a loan, given the loan amount, the number of payment periods, and the payment amount, you can use the RATE function. In the example shown, the formula in C10 is: = RATE( C7, C6, - C5) formula: Calculate interest rate for loan | ExceljetInterest Formula | Calculator (Examples with Excel Template)Interest Formula | Calculator (Examples with Excel Template)Excel formula: Calculate loan interest in given year 04/06/2021 · Calculation: You can calculate your total interest by using this formula: Principal loan amount x Interest rate x Time (aka Number of years in term) = Interest29/04/2021 · A = P {r (1+r)^n} { (1+r)^n –1} Let’s calculate that based on our previous example of a $15,000 car loan, with a 5% interest rate paid over 5 years of monthly payments. (P) would be $15,000 To calculate the periodic interest rate for a loan, given the loan amount, the number of payment periods, and the payment amount, you can use the RATE function. In the example shown, the formula in C10 is: = RATE(C7, C6, - C5) 12For example, our personal loan repayment calculator shows that on a loan of $20,000 at you would pay: $634 each month, adding up to $2,812 in interest over 3 years, or. $413 each month, adding up to $4,765 in interest over 5 years.

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