Skip to content
Free Excel Tutorials
  • Home
  • Excel For Beginners
  • Excel Intermediate
  • Advanced Excel For Experts

Data Analysis

  • How to create Checklist in Excel
  • How to Create Thermometer Chart in Excel
  • How to count table columns in Excel
  • Use Data Form to input, edit and delete records in Excel
  • How to create dynamic reference table name in Excel

References

  • How to use Excel VLOOKUP Function
  • How to use Excel FORMULATEXT function
  • How to get last column number in range in Excel
  • How to get relative row numbers in a range in Excel
  • How to get relative column numbers in a range in Excel

Data Validations

  • Excel Data validation unique values only
  • Excel Data validation allow weekday only
  • Excel Data validation must not contain
  • Prevent invalid data entering in specific cells
  • Excel Data validation allow uppercase only

RRI function: Description, Usage, Syntax, Examples and Explanation

by

What is RRI function in Excel?

RRI function is one of the Financial functions in Microsoft Excel that returns an equivalent interest rate for the growth of an investment.

Syntax of RRI function

RRI(nper, pv, fv)

The RRI function syntax has the following arguments.

  • Nper    Required. Nper is the number of periods for the investment.
  • Pv    Required. Pv is the present value of the investment.
  • Fv    Required. Fv is the future value of the investment.

RRI returns the interest rate given nper (the number of periods), pv (present value), and fv (future value), calculated by using the following equation:

RRI formula explanation

  • If argument values are not valid, RRI returns the #NUM! error value.
  • If arguments are not using valid data types, RRI returns the #VALUE! error value.

Example of RRI function

Steps to follow:

1. Open a new Excel worksheet.

2. Copy data in the following table below and paste it in cell A1

Note: For formulas to show results, select them, press F2 key on your keyboard and then press Enter.

You can adjust the column widths to see all the data, if need be.

Formula Description Result
=RRI(96,10000,11000) Returns an equivalent interest rate for the growth of an investment of $10,000 with a future value of $11,000, for 8 years (0.012, or 1.2%). 0.0009933

Post navigation

Previous Post:

How to generate random date between two dates in Excel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Learn Basic Excel

Ribbon
Workbook
Worksheets
Format Cells
Find & Select
Sort & Filter
Templates
Print
Share
Protect
Keyboard Shortcuts

Categories

  • Charts
  • Data Analysis
  • Data Validation
  • Excel Functions
    • Cube Functions
    • Database Functions
    • Date and Time Functions
    • Engineering Functions
    • Financial Functions
    • Information Functions
    • Logical Functions
    • Lookup and Reference Functions
    • Math and Trig Functions
    • Statistical Functions
    • Text Functions
    • Web Functions
  • Excel VBA
  • Excel Video Tutorials
  • Formatting
  • Grouping
  • Others

Logical Functions

  • Check multiple cells are equal in Excel
  • How to use Excel AND Function
  • How to use Excel OR Function
  • OR function: Description, Usage, Syntax, Examples and Explanation
  • Invoice status with nested if in Excel

Date Time

  • MINUTE function: Description, Usage, Syntax, Examples and Explanation
  • Calculate number of hours between two times in Excel
  • Get last weekday in month in Excel
  • Add days to date in Excel
  • NOW function: Description, Usage, Syntax, Examples and Explanation

Grouping

  • Map inputs to arbitrary values in Excel
  • Group times into 3 hour buckets in Excel
  • Categorize text with keywords in Excel
  • Running count group by n size in Excel
  • Calculate conditional mode with criteria in Excel

General

  • How to count total number of cells in a rectangular range in Excel
  • Check if multiple cells have same value with case sensitive in Excel
  • Excel Autofill Cell Ranges, Copy, Paste
  • How to calculate project complete percentage in Excel
  • How to get amount with percentage in Excel
© 2025 xlsoffice . All Right Reserved. | Teal Smiles | Abbreviations And Their Meaning