Excel Formulas
Excel Formulas
Here is a list of important Excel formulas that will help you perform your
tasks more efficiently on a spreadsheet.
To better understand each of these, just copy the formula given in the
“How to use” section for each formula in an empty cell and enter some
random values to check the result.
Mathematical Formulas:
1. SUM: =SUM(range)
Purpose: Add up a list of numbers.
How to use: =SUM(A1:A5) adds up the values in cells A1 to A5.
2. AVERAGE: =AVERAGE(range)
Purpose: Calculate the average of a set of numbers.
How to use: =AVERAGE(B1:B5) calculates the average of values in cells B1
to B5.
3. MAX: =MAX(range)
Purpose: Find the highest value in a range.
How to use: =MAX(C1:C5) finds the highest test score in cells C1 to C5.
4. MIN: =MIN(range)
Purpose: Find the lowest value in a range.
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How to use: =MIN(D1:D5) finds the lowest temperature recorded in cells D1
to D5.
5. COUNT: =COUNT(range)
Purpose: Count the number of cells in a range.
How to use: =COUNT(E1:E5) counts the number of non-empty cells in cells
E1 to E5.
2. LEN: =LEN(text)
Purpose: Count the number of characters in a cell.
How to use: =LEN(H1) checks the length of a text message in cell H1.
5. TRIM: =TRIM(text)
Purpose: Remove extra spaces from text.
How to use: =TRIM(K1) cleans up leading and trailing spaces in cell K1.
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6. UPPER: =UPPER(text)
Purpose: Convert text to uppercase.
How to use: =UPPER(L1) converts the text in cell L1 to uppercase.
7. LOWER: =LOWER(text)
Purpose: Convert text to lowercase.
How to use: =LOWER(M1) converts the text in cell M1 to lowercase.
Conditional Formulas:
1. IF: =IF(logical_test, value_if_true, value_if_false)
Purpose: Perform conditional calculations.
How to use: =IF(N1>70, "Pass", "Fail") checks if the value in cell N1 is greater
than 70.
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How to use: =VLOOKUP(Q1, A1:B5, 2, FALSE) looks up the value in Q1 in a
table and returns the corresponding value from the second column.
2. NOW: =NOW()
Purpose: Display the current date and time.
How to use: =NOW() displays the current date and time.
Financial Formulas:
1. PMT: =PMT(rate, nper, pv, [fv], [type])
Purpose: Calculate loan or investment payments.
How to use: =PMT(5%, 5, -1000) calculates the monthly payment for a
$1,000 loan at a 5% annual interest rate.
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2. FV: =FV(rate, nper, pmt, [pv], [type])
Purpose: Calculate the future value of an investment.
How to use: =FV(3%, 10, -200, -5000) calculates the future value of an
investment with regular $200 payments, at a 3% annual interest rate.
Statistical Formulas:
1. COUNTIF: =COUNTIF(range, criteria)
Purpose: Count cells that meet a specific condition.
How to use: =COUNTIF(U1:U5, ">80") counts the number of students who
scored above 80 in cells U1 to U5.
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2. TEXT: =TEXT(value, format_text)
Purpose: Format numbers or dates.
How to use: =TEXT(AA1, "dd-mmm-yyyy") formats the date in cell AA1 as
"01-Jan-2023."
Percentage Calculation:
PERCENTAGE: =A1/B1
Purpose: Calculate a percentage based on two numbers.
How to use: =A1/B1 calculates the percentage based on the values in cells
A1 and B1.
Array Formulas:
1. SUMPRODUCT: =SUMPRODUCT(array1, array2, ...)
Purpose: Multiply arrays and then sum the products.
How to use: =SUMPRODUCT(A1:A5, B1:B5) multiplies corresponding cells in
A1:A5 and B1:B5, then sums the products.
2. TRANSPOSE: =TRANSPOSE(array)
Purpose: Transpose rows into columns or vice versa. (Entered as an array
formula)
How to use: Select a range of cells and enter the formula as an array
formula (press Ctrl+Shift+Enter) to transpose rows into columns or vice
versa.
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