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Excel formula: Calculate interest rate for loan | ExceljetInterest Formula | Calculator (Examples with Excel Template)Interest Formula | Calculator (Examples with Excel Template)Interest Rate Formula | Calculate Simple & Compound Interest (Exampl…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: =20/08/2021 · The simple interest formula for calculating total interest paid on the loan is: Principal x interest rate x number of years = total interest due on loan Example 1 04/06/2021 · If you take out a five-year loan for $20,000 and the interest rate on the loan is 5 percent, the simple interest formula works as follows: $20,000 x 5 = $5,000 in interestPrincipal Loan Amount x Interest Rate x Repayment Tenure = Interest. So, if your principal loan amount is INR 20000, Interest Rate is 5 per