E Category January February March

x
p Rent $1,200 $1,200 $1,200
e
n
Utilities $150 $140 $160
d Groceries $300 $320 $310
i
t Transportation $100 $120 $110
u Entertainment $200 $180 $220
r
e Miscellaneous $50 $60 $55
Total $2,000 $2,000 $2,000

Category January February March

Rent 1200 1200 1200
Utilities 150 140 160
Groceries 300 320 310
Transportation 100 120 110
Entertainment 200 180 220
Miscellaneous 50 60 55
Rent 1200 1200 1200
Utilities 150 140 160
Utilities 150 140 160
Groceries 300 320 310
Transportation 100 120 110
Entertainment 200 180 220
Transportation 100 120 110
Entertainment 200 180 220
Miscellaneous 50 60 55
Rent 1200 1200 1200
Utilities 150 140 160

Category January February March

Rent 1200 1200 1200
Utilities 150 140 160
Groceries 300 320 310
Transportation 100 120 110
Entertainment 200 180 220
Miscellaneous 50 60 55
Rent 1200 1200 1200
Utilities 150 140 160
Utilities 150 140 160
Groceries 300 320 310
Transportation 100 120 110
Entertainment 200 180 220
Transportation 100 120 110
Entertainment 200 180 220
Miscellaneous 50 60 55
Rent 1200 1200 1200
Utilities 150 140 160

Salesperson January Sales February Sales March Sales

Alex ₹ 3,000 ₹ 3,200 ₹ 3,100
Jamie ₹ 4,500 ₹ 4,700 ₹ 4,800
Taylor ₹ 2,800 ₹ 2,900 ₹ 2,700
Jordan ₹ 5,000 ₹ 5,100 ₹ 5,200
Casey ₹ 3,400 ₹ 3,500 ₹ 3,600

Salesperson January Sales February Sales March Sales

Alex ₹ 3,000 ₹ 3,200 ₹ 3,100
Jamie ₹ 4,500 ₹ 4,700 ₹ 4,800
Taylor ₹ 2,800 ₹ 2,900 ₹ 2,700
Jordan ₹ 5,000 ₹ 5,100 ₹ 5,200
Casey ₹ 3,400 ₹ 3,500 ₹ 3,600

Salesperson January Sales February Sales March Sales

Alex 3000 3200 3100
Jamie 4500 4700 4800
Taylor abc 2900 2700
Jordan 5000 5100 5200
Casey 3400 3500 3600
5 5
 April Sum % Contribution
$1,200 $4,800 60% $1,200 5800
$155 $605 8%
$305 $1,235 15%
$115 $445 6%
$210 $810 10%
$45 $210 3%
$2,000 $8,000 100%

April Sum % Contribution Average MIN MAX CAL

1200 4800 60.00% 1200 1200 1200 1
155 605 7.56% 151.25 140 160 1.080357
305 1235 15.44% 308.75 300 320 1.029167
115 445 5.56% 111.25 100 120 1.1125
210 810 10.13% 202.5 180 220 1.125
45 210 2.63% 52.5 45 60 1.166667
1200 4800 60.00% 1200 1200 1200 1
155 605 7.56% 151.25 140 160 1.080357
155 605 7.56% 151.25 140 160 1.080357
305 1235 15.44% 308.75 300 320 1.029167
115 445 5.56% 111.25 100 120 1.1125
210 810 10.13% 202.5 180 220 1.125
115 445 5.56% 111.25 100 120 1.1125
210 810 10.13% 202.5 180 220 1.125
45 210 2.63% 52.5 45 60 1.166667
1200 4800 60.00% 1200 1200 1200 1
155 605 7.56% 151.25 140 160 1.080357

April Sum % Contribution Average MIN MAX CAL

1200 4800 0.6 1200 1200 1200 1
155 605 0.075625 151.25 140 160 1.080357
305 1235 0.154375 308.75 300 320 1.029167
115 445 0.055625 111.25 100 120 1.1125
210 810 0.10125 202.5 180 220 1.125
45 210 0.02625 52.5 45 60 1.166667
1200 4800 0.6 1200 1200 1200 1
155 605 0.075625 151.25 140 160 1.080357
155 605 0.075625 151.25 140 160 1.080357
305 1235 0.154375 308.75 300 320 1.029167
115 445 0.055625 111.25 100 120 1.1125
 210 810 0.10125 202.5 180 220 1.125
115 445 0.055625 111.25 100 120 1.1125
210 810 0.10125 202.5 180 220 1.125
45 210 0.02625 52.5 45 60 1.166667
1200 4800 0.6 1200 1200 1200 1
155 605 0.075625 151.25 140 160 1.080357

April Sales Total Sales Rank

₹ 3,300 ₹ 12,600 4
₹ 4,600 ₹ 18,600 2
₹ 3,000 ₹ 11,400 5
₹ 5,050 ₹ 20,350 1
₹ 3,450 ₹ 13,950 3

April Sales
₹ 3,300
₹ 4,600
₹ 3,000
₹ 5,050
₹ 3,450

April Sales
3300
4600
3000
5050
3450
Category Sum of Sum
Entertainment 2430
Groceries 2470
Miscellaneous 420
Rent 14400
Transportation 1335
Utilities 2420
Total Result 23475
 Category January February March
Rent 1200 1200 1200
Utilities 150 140 160
Groceries 300 320 310
Transportation 100 120 110
Entertainment 200 180 220
Miscellaneous 50 60 55

Total Monthly Expenses (SUM): Use =SUM(B2:B6) for January’s total and drag across to
calculate for other months.
Average Monthly Expense (AVERAGE): Calculate =AVERAGE(B2:B6) to find the average for
each month.
Highest Expense Category (MAX): =MAX(B2:B6) to find the maximum expense in January and
repeat for other months.
Lowest Expense Category
Salesperson (MIN):
January =MIN(B2:B6)
Sales for minimum
February Sales expense
March Sales
Alex $ 3,000 $ 3,200 $ 3,100
Jamie $ 4,500 $ 4,700 $ 4,800
Taylor $ 2,800 $ 2,900 $ 2,700
Jordan $ 5,000 $ 5,100 $ 5,200
Casey $ 3,400 $ 3,500 $ 3,600

Total Sales per Salesperson (SUM): Use =SUM(B2:E2) to calculate Alex’s total sales across
months, and copy down.Average Sales per Month (AVERAGE): Use =AVERAGE(B2:B6) for
January’s average sales.Highest Sales in a Month (MAX): =MAX(B2:E2) to find the month
with the highest sales for each person.Lowest Sales in a Month (MIN): =MIN(B2:E2) for
each salesperson’s lowest month.
 April Aver Total2 Total3
1200 1200 1200 4800
155 151 151.25 605
305 309 308.75 1235
115 111 111.25 445
210 203 202.5 810
45 53 52.5 210

l and drag across to

to find the average for

um expense in January and

e April Sales MIN MAX AVG Total Sales Rank

$ 3,300 $ 3,000 $ 3,300 $ 3,150 $ 12,600 4
$ 4,600 $ 4,500 $ 4,800 $ 4,650 $ 18,600 2
$ 3,000 $ 2,700 $ 3,000 $ 2,850 $ 11,400 5
$ 5,050 $ 5,000 $ 5,200 $ 5,088 $ 20,350 1
$ 3,450 $ 3,400 $ 3,600 $ 3,488 $ 13,950 3

te Alex’s total sales across

se =AVERAGE(B2:B6) for
B2:E2) to find the month
(MIN): =MIN(B2:E2) for
 Name Date of Birth Sales
John D. 1/1/1990 1500
Jane S. 2/15/1992 2500.5
Bob L. 3/3/1988 3000

Name Date of Birth Sales

John D. 01/09/1990 ₹ 1,500.00
Jane S. 2/15/1992 ₹ 2,500.50
Bob L. 03/03/1988 ₹ 3,000.00
 Order ID Customer Name Product Quantity Price per Unit Total Sales
1001 John Smith Widget A 5 10 50
1002 Jane Doe Widget B 2 20 40
1003 Emily Johnson Widget A 3 10 30
1004 Michael Brown Widget C 10 15 150
1005 Sarah Wilson Widget B 7 20 140
1006 David Garcia Widget A 4 10 40
1007 Linda Martinez Widget C 6 15 90
1008 James Davis Widget B 1 20 20
1009 Laura Wilson Widget C 8 15 120
1010 Daniel Lee Widget A 10 10 100

Exercises:

1. Sorting:

Sort the dataset by Total Sales in descending order to see which orders generated the highest re
Sort by Order Date to view the orders chronologically.

2. Filtering:

Filter to show only orders where the Product is Widget A.

Filter to display only orders with a Total Sales greater than $100.
 Order Date
1/15/2024
2/20/2024
3/5/2024
4/10/2024
5/25/2024
6/12/2024
7/8/2024
8/15/2024
9/2/2024
10/10/2024

s generated the highest revenue.

 Student ID Student Name Math Science English
1 John Smith 85 78 90
2 Jane Doe 92 88 94
3 Emily Johnson 76 82 78
4 Michael Brown 60 65 70
5 Sarah Wilson 88 91 85
6 David Garcia 95 93 97
7 Linda Martinez 70 75 68
8 James Davis 82 84 80
9 Laura Wilson 50 55 65
10 Daniel Lee 90 92 88

Exercises for Conditional Formatting:

1. Calculate Average Grade:

In the Average Grade column, use the formula =AVERAGE(C2:F2) for each student to calculate the

2. Apply Conditional Formatting:

Highlighting Top Grades: Use conditional formatting to highlight grades above 90 in green.
Highlighting Failing Grades: Apply conditional formatting to highlight grades below 60 in red.
Color Scale for Average Grade: Apply a color scale to the Average Grade column to visually i
 History Average Grade
82
85
80
58
89
92
72
78
60
94

h student to calculate their average grade.

s above 90 in green.
grades below 60 in red.
ade column to visually indicate performance (e.g., green for high averages, red for low averages).
or low averages).
 Item ID Item Name Category Quantity Unit Price Total Value Supplier
1 Widget A Tools 150 10 Supplier A
2 Widget B Tools 85 15 Supplier B
3 Gadget C Electronics 200 25 Supplier C
4 Gadget D Electronics 50 40 Supplier D
5 Device E Home Goods 120 30 Supplier E
6 Appliance F Home Goods 60 100 Supplier F
7 Tool G Tools 30 20 Supplier A
8 Gadget H Electronics 10 15 Supplier B
9 Widget I Tools 75 12 Supplier C
10 Appliance J Home Goods 40 150 Supplier D

Practice Tasks:
Create a Table:

Highlight the data range (including headers) and create a table using the "Insert Table" feature in E

Calculate Total Value:

In the Total Value column, use the formula =D2*E2 to calculate the total value for each item and d

Apply Filters:

Use the filter options in the table to find items in a specific category (e.g., Tools) or those that have

Sort Data:

Sort the table by Total Value in descending order to see which items represent the highest value.

Change Table Style:

Apply different table styles to see how formatting can enhance readability.
 Last Restocked
10/1/2024
10/5/2024
10/10/2024
9/25/2024
8/15/2024
7/20/2024
10/3/2024
9/10/2024
8/1/2024
6/12/2024

t Table" feature in Excel.

for each item and drag down to apply to all rows.

) or those that have a quantity below a certain threshold.

t the highest value.

Sales Rep ID Sales Rep Name Sales Q1 Sales Q2 Sales Q3 Sales Q4

1 John Smith 120 150 90 110

2 Jane Doe 90 80 70 100
3 Emily Johnson 130 160 140 170
4 Michael Brown 50 60 40 30
5 Sarah Wilson 200 220 210 230
6 David Garcia 110 100 95 85
7 Linda Martinez 60 70 80 90
8 James Davis 300 290 310 320
9 Laura Wilson 150 160 140 135
10 Daniel Lee 80 70 90 100

Suggested Formulas:

1. Calculate Total Sales:

In the Total Sales column, use the formula:

Using the IF Function:

In the Status column, evaluate whether the total sales are above or below a target (e.g., 1000):

Using the AND Function:

To check if the sales for all quarters are above 80:

 Total Sales Status (IF) Status (AND) Status (OR)

r below a target (e.g., 1000):

ustomer ID First Name Last Name Phone Number Email Address
1 John Smith 123-456-7890 [email protected]
2 Jane Doe 987-654-3210 [email protected]
3 Emily Johnson 555-123-4567 [email protected]
4 Michael Brown 444-321-0987 [email protected]
5 Sarah Wilson 222-333-4444 [email protected]
6 David Garcia 666-777-8888 [email protected]
7 Linda Martinez 111-222-3333 [email protected]
8 James Davis 888-999-0000 [email protected]
9 Laura Wilson 333-444-5555 [email protected]
10 Daniel Lee 555-666-7777 [email protected]

Using CONCATENATE:

Combine the First Name and Last Name into a full name in a new column:
Or using the & operator:

Using LEFT:

Extract the first 3 characters of the First Name:

Using RIGHT:

Extract the last 4 digits of the Phone Number

sing MID:

Extract the middle characters from the Email Address (for example, extracting the domain part, st

Using TRIM:

Clean up any extra spaces in the Address (useful if spaces were accidentally added):
 Address
123 Elm St, Townsville
456 Maple St, Citytown
789 Oak St, Villagetown
321 Pine St, Hamletville
654 Birch St, Borough
234 Cedar St, Metropolis
543 Spruce St, Statecity
987 Fir St, Countyplace
432 Willow St, Region
654 Ash St, Townville

g the domain part, starting at the 6th character and taking 7 characters):
 VLOOKUP
Product ID Product Name Category Price Stock
101 Widget A Tools 10 150
102 Widget B Tools 15 85
103 Gadget C Electronics 25 200
104 Gadget D Electronics 40 50
105 Device E Home Goods 30 120
106 Appliance F Home Goods 100 60
107 Tool G Tools 20 30
108 Gadget H Electronics 15 10
109 Widget I Tools 12 75
110 Appliance J Home Goods 150 40

Using VLOOKUP:

To find the Price of a product based on Product ID (for example, Product ID 103):

HLOOKUP
YEAR 2021 2022 2023 2024
Widget A 1500 1800 2000 2100
Widget B 1200 1400 1600 1700
Gadget C 2000 2200 2500 2600
Gadget D 1800 1900 2100 2200
Device E 1600 1700 1800 1900

Using HLOOKUP:

To find the sales for "Gadget D" in 2023:

ID (for example, Product ID 103):
 Employee ID First Name Last Name Hire Date Sales Q1
1 John Smith 1/15/2020 1200
2 Jane Doe 5/20/2019 800
3 Emily Johnson 7/30/2021 1500
4 Michael Brown 3/12/2022 600
5 Sarah Wilson 11/1/2018 2000
6 David Garcia 2/14/2021 500
7 Linda Martinez 8/22/2020 300
8 James Davis 4/5/2019 1200

Status Evaluation: Use the following formula to evaluate employee performance:

IF Q1>1000 & Q2>1000 then "Above Average" else"Needs Improvement")
You can use IFAND

Sales Target Check: Use OR to check if any quarter's sales are below 500:

Using Text Functions

Full Name: Concatenate the first and last names in a new column (Full Name):

Extract Initials: Extract the initials of the employee's name:

Calculating Date Differences Using DATEDIF

Years of Service: Calculate how long each employee has been with the company (in years):

excel
 Sales Q2 Sales Q3 Sales Q4 Status Full Name Initials
1500 1300 1600
900 950 1000
1600 1700 1800
700 800 900
2100 2200 2300
600 700 800
400 350 450
1100 1300 1250

"Needs Improvement")

ll Name):

he company (in years):

Tenure in Company Year 2021
John Smith 4200
Jane Doe 3600
Emily Johnson 6800
Michael Brown 2900
Sarah Wilson 8600

Using VLOOKUP

Find Employee Sales: Use VLOOKUP to fin

Using HLOOKUP

Find Sales in 2023 for Emily Johnson:

 2022 2023 2024
4500 5000 5500
3800 4100 4500
7000 7500 8000
3000 3200 3500
9000 9500 10000

ales: Use VLOOKUP to find sales data for "John Smith"

23 for Emily Johnson:

 Region Product Q1 Sales Q2 Sales Q3 Sales
North America Product A 5000 7000 6500
North America Product B 6000 7500 7200
North America Product C 4500 6800 7000
North America Product D 5200 6300 6700
Europe Product A 4600 6800 6400
Europe Product B 5500 7200 6900
Europe Product C 4200 6600 6200
Europe Product D 4800 6900 7100
Asia Product A 5300 7000 7100
Asia Product B 6100 7300 7200
Asia Product C 4800 6900 6800
Asia Product D 5200 7500 7100
South America Product A 4900 6500 6300
South America Product B 5400 6800 6700
South America Product C 4300 6700 6200
South America Product D 4700 6600 6400

Bar Chart: Compare the Total Sales of different products across all regions.

Select Product and Total Sales columns.

Use a clustered bar chart to compare sales performance across products.

Line Chart: Track quarterly sales for Product A across all regions.

Select the Region column and columns from Q1 Sales to Q4 Sales for Product A.
Use a line chart to show trends over the quarters in each region.

Pie Chart: Show the percentage share of Total Sales for each product in North America.

Select Product and Total Sales columns for North America.

Use a pie chart to visualize each product’s contribution to total sales in the region.

Sparklines: Display trends for each product in Europe.

Select columns from Q1 Sales to Q4 Sales for Europe.

Use line sparklines in the cell next to each product to show quarterly trends.
 Q4 Sales Total Sales SparkLine
8000 26500
8400 29100
7900 26200
8100 26300
7800 25600
7600 27200
7500 24500
7300 26100
7600 27000
7800 28400
7600 26100
7900 27700
7400 25100
7500 26400
7100 24300
7200 24900

North America.

he region.
 Employee Name Department Sales Target Actual Sales
John Smith Sales 100,000 105,000
Jane Doe Marketing 80,000 75,000
Alice Brown Sales 95,000 85,000
Michael Green Development 60,000 62,000
Emma Wilson Marketing 70,000 60,000
William Black Sales 110,000 120,000
Olivia White Development 65,000 55,000
Sophia Clark Marketing 75,000 72,000
Liam Harris Sales 90,000 92,000
Noah Miller Development 58,000 54,000

Color Scales:

Apply a color scale to the % of Target Achieved column to visually identify high and low perform
High values (close to or above 100%) can be in green, while lower values can range down to red.

Data Bars:

Use data bars on the Actual Sales column to quickly see who has achieved the highest sales.
The bars will indicate relative sales performance, with longer bars for higher sales numbers.

Icon Sets:

Apply an icon set to the Performance Rating column to categorize ratings visually.
For example:
Green checkmark for ratings ≥4.5.
Yellow exclamation for ratings between 4.0 and 4.4.
Red cross for ratings below 4.0.

Conditional Formatting Rules:

Highlight employees in the Days Absent column who have more than 3 days absent with a light re
Format cells in the Sales Target column with bold text for any target that is 100,000 or above
 % of Target Achieved Days Absent Performance Rating
105% 2 4.5
94% 5 3.8
89% 1 4.2
103% 3 4.6
86% 6 3.5
109% 0 4.8
85% 4 3.9
96% 2 4.3
102% 1 4.7
93% 7 3.4

sually identify high and low performers.

er values can range down to red.

has achieved the highest sales.

rs for higher sales numbers.

orize ratings visually.

e than 3 days absent with a light red fill.

target that is 100,000 or above
 Data
Product Category Product Name Sum of Units Sold
Electronics 70.64%
Camera 8.26%
Laptop 25.69%
Smartphone 22.94%
Tablet 13.76%
Furniture 13.76%
Bed 3.67%
Bookshelf 4.59%
Dining Table 1.83%
Sofa 2.75%
Wardrobe 0.92%
Home Appliances 15.60%
Air Conditioner 2.75%
Microwave 6.42%
Refrigerator 1.83%
Washing Machine 4.59%
Total Result 100.00%
Sum of Total Revenue
48450
3600
33600
7500
3750
10500
4400
1000
1400
2400
1300
8750
2700
1050
2000
3000
67700
 Date Product Category Product Name Sales Region
1/5/2024 Electronics Laptop North
1/10/2024 Home Appliances Washing Machine South
1/15/2024 Furniture Sofa East
1/20/2024 Electronics Tablet West
1/25/2024 Home Appliances Refrigerator North
2/5/2024 Electronics Laptop South
2/10/2024 Furniture Dining Table East
2/15/2024 Electronics Smartphone West
2/20/2024 Home Appliances Air Conditioner North
2/25/2024 Furniture Bed South
3/5/2024 Electronics Laptop East
3/10/2024 Home Appliances Microwave West
3/15/2024 Furniture Wardrobe North
3/20/2024 Electronics Camera South
3/25/2024 Electronics Laptop West
4/5/2024 Furniture Bookshelf North

Summarize Sales by Product Category and Region:

Set Product Category in the Rows area and Sales Region in the Columns area.
Place Total Revenue in the Values area to see total revenue per category and region.

Analyze Sales Performance of Sales Representatives:

Set Sales Representative in the Rows area.

Add Units Sold and Total Revenue to the Values area.
Optionally, add Product Category to the Rows area below Sales Representative for detailed ins

Monthly Sales Trend Analysis:

Use the Date field in the Rows area, and group by month.
Add Total Revenue in the Values area to see monthly sales.

Use Slicers for Filtering:

Add slicers for Sales Region and Product Category to interactively filter the PivotTable.

Group Data by Quarter and Analyze Total Revenue:

Group the Date field by quarters.

Add Total Revenue to the Values area to analyze quarterly revenue.

Average Price Per Unit by Product Category:

Set Product Category in the Rows area.
Add Price per Unit in the Values area and change the summary function to Average.
 Sales Representative Units Sold Price per Unit Total Revenue
John Doe 10 1200 12000
Jane Smith 5 600 3000
Mike Brown 3 800 2400
Sarah Johnson 15 250 3750
John Doe 2 1000 2000
Jane Smith 8 1200 9600
Mike Brown 2 700 1400
Sarah Johnson 25 300 7500
John Doe 3 900 2700
Jane Smith 4 1100 4400
Mike Brown 6 1200 7200
Sarah Johnson 7 150 1050
John Doe 1 1300 1300
Jane Smith 9 400 3600
Sarah Johnson 4 1200 4800
John Doe 5 200 1000

Columns area.
ategory and region.

Representative for detailed insights.

ely filter the PivotTable.

nction to Average.
 Date Product Category Product Name Sales Region
1/2/2024 Electronics Smartphone North
1/12/2024 Electronics Laptop South
1/15/2024 Furniture Chair East
2/1/2024 Home Appliances Refrigerator West
2/10/2024 Electronics Tablet North
2/18/2024 Furniture Dining Table South
2/25/2024 Home Appliances Washing Machine East
3/5/2024 Electronics Camera West
3/12/2024 Furniture Sofa North
3/20/2024 Electronics Laptop South
3/25/2024 Home Appliances Air Conditioner East
4/1/2024 Electronics Smartphone West
4/15/2024 Furniture Bed North
4/20/2024 Electronics Tablet South
4/28/2024 Home Appliances Microwave East
5/2/2024 Electronics Laptop West
5/10/2024 Furniture Wardrobe North
5/18/2024 Home Appliances Refrigerator South
5/25/2024 Electronics Camera East

Group Sales by Month or Quarter:

Add the Date field to the Rows area.

Right-click on the Date field in the PivotTable, select Group, and choose to group by Months or Qu
Add Total Revenue to the Values area to analyze monthly or quarterly revenue trends.

Group Products by Category:

Set Product Category in the Rows area.

Add Units Sold and Total Revenue to the Values area.
Add Product Name below Product Category to analyze the contribution of each product within it

Group by Custom Sales Range:

Add Units Sold to the Rows area.

Right-click on the Units Sold field in the PivotTable, select Group, and define custom ranges (e.g.,
Use Total Revenue in the Values area to see revenue distribution based on the quantity sold.

Group by Region and Product Type:

Place Sales Region and Product Category in the Rows area.

Add Units Sold and Total Revenue to the Values area to analyze sales across regions and categor
Yearly Grouping with Multiple Categories:

If dates span multiple years, use the Date field, group by Years, and add Product Category bene
This provides an annual summary with breakdowns by category for each year.
 Units Sold Total Revenue
20 4000
10 12000
15 1500
5 5000
30 4500
8 5600
4 3000
12 4800
3 2400
8 9600
6 5400
25 5000
5 5500
18 2700
9 1350
6 7200
2 2600
7 7000
15 6000

to group by Months or Quarters.

evenue trends.

n of each product within its category.

efine custom ranges (e.g., 0-10, 11-20, etc.).

on the quantity sold.

across regions and categories.

Product Category beneath Years in the Rows area.
Loan Amount 50000
Annual Interest Rate 5%
Loan Term (Years) 10
Monthly Payment (Formula) ₹ 530.33

Practice Scenarios

1. Using Goal Seek to Find the Required Loan Amount

Objective: Determine the maximum loan amount you can afford if you can only pay $400 per mon
Steps:
Set up the Monthly Payment calculation in a cell using the PMT function.
Go to Data > What-If Analysis > Goal Seek.
Set the Monthly Payment cell to $400 by changing the Loan Amount cell.
Excel will calculate the loan amount that matches this target monthly payment.

2. Using a One-Variable Data Table to Analyze Interest Rate Impact

Objective: See how different interest rates affect your monthly payment.
Steps:
Create a column listing interest rates (e.g., 3%, 4%, 5%, 6%, 7%).
In the adjacent column, use a Data Table to calculate the monthly payment for each interest rate
Go to Data > What-If Analysis > Data Table, and set the Column Input Cell to the Interest

3. Using a Two-Variable Data Table to Explore Loan Terms and Interest Rates

Objective: Analyze how both the loan term and interest rate affect monthly payments.
Steps:
Set up a table with interest rates in the first row (e.g., 3%, 4%, 5%) and loan terms in the first colu
Use a Data Table to fill in monthly payments for each combination.
Go to Data > What-If Analysis > Data Table, set the Row Input Cell to Interest Rate, and th
 3%
4%
5%
6%
7%

can only pay $400 per month.

yment for each interest rate using your loan parameters.

nput Cell to the Interest Rate cell.

d Interest Rates

thly payments.

d loan terms in the first column (e.g., 5 years, 10 years, 15 years).

ell to Interest Rate, and the Column Input Cell to Loan Term.
₹ 530.33
₹ 482.80
₹ 506.23
₹ 530.33
₹ 555.10
₹ 580.54