hi sastry i think ur query has been solved by paul , for any more clarification u can post ur msg Have A Nice Time & Enjoy Life
Regards: CMA Ankur Pandey (Someone Different) I'm not the best but i'm not like the rest~~ On Sat, Feb 20, 2010 at 12:27 AM, Paul Schreiner <schreiner_p...@att.net> wrote: > First of all, you should check the "help" for the "or" function. > It says: > Returns TRUE if any argument is TRUE; returns FALSE if all arguments > are FALSE > and > The arguments must evaluate to logical values such as TRUE or FALSE, or > in arrays or references that contain logical values. > > that means that the stuff between the commas > =or(test1, test2, test3) > must END UP either TRUE or FALSE > > so, or(6,12,18,24... isn't going to work. > because 6 isn't a true or false, 12 isn't true or false. > > I realize you WANT to test if A2 = 6, 12, 18... > but to do that with OR, you'd have to use: > =OR(A2=6,A2=12,A2=18, ....) > Now, an easier approach would be to use something like the =MOD() function. > =MOD() (short for "modulus") performs a division operation and returns the > REMAINDER. > > So, you could use: =if(mod(A2,6)=0,(B2*C2)+B2,B2) > > although I'm not sure if the rest of your formula is correct... > But this will at least get your first question answered... > Paul > ________________________________ > From: Sastry <brb.sas...@gmail.com> > To: MS EXCEL AND VBA MACROS <excel-macros@googlegroups.com> > Sent: Fri, February 19, 2010 12:44:25 PM > Subject: $$Excel-Macros$$ formula for showing multiple of a no. > > Hi Group, > > I am writing a simple formula for a compounding interest. Let me > quickly take you through the example. > > Monthly Investment - Rs.2000 > Yearly Interest - 10% (compounded twice a year) i.e., 5% every 6th > month > Tenor - 1 year > > Month Investment Interest Cls Bal > (Col A) (ColB) (Col C) (Col D) > 1 2000 5% 2000 (no interest calc) > 2 4000 5% 4000 (no interest calc) > 3 6000 5% 6000 (no interest calc) > 4 8000 5% 8000 (no interest calc) > 5 10000 5% 10000 (no interest calc) > 6 12000 5% 12600 (interest calculated @ 5%) > > My Question: > I'm putting a formula assuming that they are in Columns A to D. > I'm putting a formula in column D (Cls bal) as > > =IF(A2=OR(6,12,18,24,30,36,42,48,54,60,66,72,78,84,90,96,102,108,114,120), > (B2*C2)+B2,B2) > > for some strange reason, this formula while using "OR" worksheet > function is not working. > > Also, can anyone suggest if there is a shorter way of finding a > substitute for "OR"? I want the interest to be calculated when the > tenure is a multiple of 6 (since half yearly compounding). > > Your time and thoughts would be highly appreciated. > > Sastry > > -- > ---------------------------------------------------------------------------------- > Some important links for excel users: > 1. Follow us on TWITTER for tips tricks and links : > http://twitter.com/exceldailytip > 2. Join our Facebook Group @ > http://www.facebook.com/group.php?gid=287779555678 > 3. Excel tutorials at http://www.excel-macros.blogspot.com > 4. Learn VBA Macros at http://www.quickvba.blogspot.com > 5. 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