Calculation

Excel formula

Reducible Interest | # gomaths.net/4264         User submitted, thanks to

Calculate the reducible interest on a car loan.

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B7: =B1-B2, C7: =G$1, D7: =B7*C7/100, E7: =B7+D7

F7: =B$3, G7: =E7-F7, B8: =G7