# How To Use Excel RRI Function

This post will guide you how to use Excel RRI function with syntax and examples in Microsoft excel.

## Description

The Excel RRI function Returns an equivalent interest rate for the growth of an investment. So you can use the RRI function to get the the growth of an investment based on present and future value of the investment.

The RRI function is a build-in function in Microsoft Excel and it is categorized as a Financial Function.

The RRI function is available in Excel 2016, Excel 2013, Excel 2010, Excel 2007, Excel 2011 for Mac.

## Syntax

The syntax of the RRI function is as below:

`= RRI (nper,pv,fv)`

Where the PV function arguments are:

• nPer -This is a required argument. The total number of periods for the investment.
• pv – This is required argument. The present value is the future value of the investment
• fv – This is required argument. The future value is the future value of the investment.

Note:

• If argument values are not valid, the RRI function will return the #NUM! error.
• If argument values are not using valid date types, the RRI function will return the #VALUE! Error.

## Excel RRI Function Examples

The below examples will show you how to use Excel RRI Function to an equivalent interest rate for the growth of an investment.

#1 to get the interest rate for given the number of periods(3), present value 1000 and future value 1500, you can calculate it by using the following formula based on the RRI function:

=RRI(3,1000,1500) Related Posts

Excel/Google Sheets: Expanding Reference

An expanding reference is a reference type in Excel and Google worksheets that extends the range of a cell when a formula is copied to the cell below or to the right. In this article, we will explain how to ...

Excel/Google Sheets: Mixed Reference

In Microsoft Excel Spreadsheet or Google sheets, there is another cell reference, mixed references, where part of the reference is absolute, part of the relative. This article will describe how to use mixed references through specific examples. Mixed Reference When ...

Excel/Google Sheets: Absolute Reference

In Microsoft Excel spreadsheet or Google Sheets, the cell reference is the cell or cell area address or name in the worksheet, the cell reference contains two types of references, namely, relative references and absolute references. Absolute Reference An absolute ...

Conditional formatting based on another column in Google Sheets or Excel

In Microsoft Excel Spreadsheet or google sheets, conditional formatting is used to highlight any cell based on a predefined condition and the value of those cells. In the previous article, we described how to format a specific column or cell ...

Conditional Formatting based on Another Cell in Google Sheets/Excel

In Microsoft Excel Spreadsheet or google sheets, when you want to format a specified cell or cell range based on the value of a different cell, for example, formatting the first row based on the value of a cell in ...

Sidebar