TL;DR - M$ Excel copied the bug from Lotus 123 for backwards fucked up compatibility.
Saved you the read, you’re welcome.
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Probably in the time lotus was released people would use it for relatively simple calculations involving dates that would not go that far back. So this bug would not be a problem for those uses and go undetected for some time. Or maybe it even was a deliberate choice to improve performance since the creator would consider it unlikely to use dates decades away.
Much more likely : they just had a %4 and only added the %100 case when they tested dates with the year 2000. What about 1800? Can someone test this?
Also for any numeric less than 1 expressed as a date/time will display as January 0, 1900. Because January 1st is day 1. Kind of a shame because they really have an opportunity to support more dates in the past with negative values.



