Excel Formulas to Calculate the Interest for Given Period ~ Quickly!!
Tags: excelformula, excelformulas
Published: 2021-06-29 04:03:23

---
title: Excel Formulas to Calculate the Interest for Given Period ~ Quickly!!
published: true
date: 2021-06-20 14:45:18 UTC
tags: ExcelFormula,Excelformulas
canonical_url: https://geekexcel.com/excel-formulas-to-calculate-the-interest-for-given-period/
---

Excel allows us to calculate the interest payment for any loan using the  **IPMT**  **function**. In this tutorial, we are going to see the formulas to **calculate the interest for a given period in Excel**. Let’s get them below!! Get an official version of ** MS Excel**  from the following link: [https://www.microsoft.com/en-in/microsoft-365/excel](https://www.microsoft.com/en-in/microsoft-365/excel)

[![Calculate the interest for given period](https://geekexcel.com/wp-content/uploads/2021/06/Calculate-the-interest-for-given-period.png)](https://geekexcel.com/excel-formulas-to-calculate-the-interest-for-given-period/calculate-the-interest-for-given-period/#main)<figcaption id="caption-attachment-47730">Calculate the interest for a given period</figcaption>

## Generic Formula:

- If you want to calculate the interest portion of a loan payment in a given duration, you can use the below formula.

**=IPMT(rate,period,periods,-loan)**

## Syntax Explanations:

- **IMPT ** – The Excel **IMPT**  **function** is used to calculate the interest portion of given loan payment in a given payment period.
- **Rate** – It represents the interest rate.
- **Period** – It is the period we want to work with.
- **Comma symbol (,)** – It is a separator that helps to separate a list of values.
- **Parenthesis ()** – The main purpose of this symbol is to group the elements.

## Practical Example:

Let’s consider the below example image.

- Here, we will enter the input values in **Column B** and **Column C**.
- Now we are going to calculate the interest portion of loan payment in a given duration.

![Input Ranges](https://geekexcel.com/wp-content/uploads/2021/06/Input-Ranges-52.png)<figcaption id="caption-attachment-47732">Input Ranges</figcaption>

- Select any cell and apply the above-given formula.

![Enter the formula](https://geekexcel.com/wp-content/uploads/2021/06/Enter-the-formula-66.png)<figcaption id="caption-attachment-47731">Enter the formula</figcaption>

- Finally, press the ** ENTER**  key, you can get the result as shown below.

![Result](https://geekexcel.com/wp-content/uploads/2021/06/Result-52.png)<figcaption id="caption-attachment-47733">Result</figcaption>

## Wrap-Up:

Hope you like this article on how to **calculate the**  **interest for a given period in Excel**. If you encounter any **issues** , you may tell us in the **comments** below.

Thank you so much for visiting  **[Geek Excel](https://geekexcel.com/)!! **If you want to learn more helpful formulas, check out [**Excel Formulas**](https://geekexcel.com/excel-formula/) **!! **

### Read Also:

- **[Excel Formulas to Calculate the Cumulative Loan Principal Payments!!](https://geekexcel.com/excel-formulas-to-calculate-the-cumulative-loan-principal-payments/)**
- **[Formulas for Finding Largest Value Smaller than a Specified Number!!](https://geekexcel.com/formulas-for-finding-largest-value-smaller-than-a-specified-number/)**
- **[Excel Formulas to Calculate the Annual Compound Interest Schedule!!](https://geekexcel.com/excel-formulas-calculate-annual-compound-interest-schedule/)**
- **[Excel Formulas to Calculate the Cumulative Loan Interest ~ Easily!!](https://geekexcel.com/excel-formulas-to-calculate-the-cumulative-loan-interest-easily/)**