Excel formula

This query is : Resolved 

31 December 2009 Please help on this excel formula :
=10000*(31/03/2010-01/04/2009+1/365*12%

please let me know the role of "+1" in the above formula

31 December 2009 It will always calculate 364 days but year is 365 days so it will use for correct days calculation

Like (March to march =13 month)

01 January 2010 Agree with the expert




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