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Basic Excel Formulas

The document provides a comprehensive list of essential Excel formulas, categorized into basic and advanced types, along with their formulas and descriptions. Key formulas include SUM, AVERAGE, IF, VLOOKUP, and financial functions like PMT and NPV. Mastering these formulas is emphasized as a way to enhance productivity and efficiency in data analysis.

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4 views

Basic Excel Formulas

The document provides a comprehensive list of essential Excel formulas, categorized into basic and advanced types, along with their formulas and descriptions. Key formulas include SUM, AVERAGE, IF, VLOOKUP, and financial functions like PMT and NPV. Mastering these formulas is emphasized as a way to enhance productivity and efficiency in data analysis.

Uploaded by

rexiababa
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Here are some essential Excel formulas that are widely used for various calculations and data

analysis:

### Basic Excel Formulas

1. **SUM**:
- **Formula**: `=SUM(A1:A5)`
- **Description**: Adds all the values in the specified range (A1 to A5).

2. **AVERAGE**:
- **Formula**: `=AVERAGE(B1:B10)`
- **Description**: Calculates the average of the values in the specified range (B1 to B10).

3. **COUNT**:
- **Formula**: `=COUNT(C1:C8)`
- **Description**: Counts the number of cells that contain numerical values in the specified
range (C1 to C8).

4. **MAX**:
- **Formula**: `=MAX(D1:D6)`
- **Description**: Returns the maximum value from the specified range (D1 to D6).

5. **MIN**:
- **Formula**: `=MIN(E1:E4)`
- **Description**: Returns the minimum value from the specified range (E1 to E4).

6. **IF**:
- **Formula**: `=IF(F1>10, "Pass", "Fail")`
- **Description**: Checks if the value in cell F1 is greater than 10; returns "Pass" if true,
otherwise "Fail".

7. **VLOOKUP**:
- **Formula**: `=VLOOKUP(G1, A1:B10, 2, FALSE)`
- **Description**: Looks for the value in cell G1 in the first column of the range A1 to B10 and
returns the corresponding value from the second column.

8. **CONCATENATE (or CONCAT)**:


- **Formula**: `=CONCATENATE("Hello ", "World")` or `=CONCAT("Hello ", "World")`
- **Description**: Combines multiple text strings into one.

9. **TODAY**:
- **Formula**: `=TODAY()`
- **Description**: Returns the current date.
10. **NOW**:
- **Formula**: `=NOW()`
- **Description**: Returns the current date and time.

### Advanced Excel Formulas

11. **COUNTIF**:
- **Formula**: `=COUNTIF(Q1:Q10, ">50")`
- **Description**: Counts the number of cells in a range that meet a specific condition (greater
than 50).

12. **SUMIF**:
- **Formula**: `=SUMIF(R1:R10, "Apples", S1:S10)`
- **Description**: Sums values in S1:S10 where corresponding cells in R1:R10 are "Apples".

13. **IFERROR**:
- **Formula**: `=IFERROR(V1/W1, "Error")`
- **Description**: Divides V1 by W1 and returns "Error" if an error occurs.

14. **INDEX and MATCH**:


- **Formula (INDEX)**: `=INDEX(X1:Y10, 3, 2)`
- **Description (INDEX)**: Returns the value at the intersection of the 3rd row and 2nd
column in the specified range.
- **Formula (MATCH)**: `=MATCH(Z1, AA1:AA10, 0)`
- **Description (MATCH)**: Searches for Z1 in AA1 to AA10 and returns its position.

15. **PMT (Payment)**:


- **Formula**: `=PMT(0.05/12, 12*5, -20000)`
- **Description**: Calculates monthly payments for a loan with a 5% annual interest rate over
5 years for a principal amount of $20,000.

16. **NPV (Net Present Value)**:


- **Formula**: `=NPV(0.1, A1:A5) + A1`
- **Description**: Calculates net present value of cash flows in A1 to A5 with a discount rate
of 10%.

17. **IRR (Internal Rate of Return)**:


- **Formula**: `=IRR(A1:A5)`
- **Description**: Returns the internal rate of return for a series of cash flows.

18. **TEXT Function**:


- **Formula**: `=TEXT(AL1, "dd-mmm-yyyy")`
- **Description**: Converts a date in AL1 to a specific text format.
19. **NETWORKDAYS Function**:
- **Formula**: `=NETWORKDAYS(AM1, AM10)`
- **Description**: Calculates the number of working days between two dates in AM1 and
AM10, excluding weekends.

20. **ROUND Function**:


- **Formula**: `=ROUND(P1, 2)`
- **Description**: Rounds the value in P1 to two decimal places.

### Conclusion

These formulas are fundamental tools for performing calculations and data analysis in Excel.
Mastering these can significantly enhance productivity and efficiency when working with data.
Regular practice with these formulas will help you become proficient in using Excel for various
applications across different fields.

Citations:
[1]
https://www.linkedin.com/pulse/top-100-excel-formulas-along-practice-examples-kumar-ajit-%E0
%A4%85jit-
[2]
https://support.microsoft.com/en-us/office/create-a-simple-formula-in-excel-11a5f0e5-38a3-4115
-85bc-f4a465f64a8a
[3] https://www.datacamp.com/tutorial/basic-excel-formulas-for-everyone
[4] https://www.ablebits.com/office-addins-blog/excel-formulas-examples/
[5] https://www.simplilearn.com/tutorials/excel-tutorial/excel-formulas
[6] https://corporatefinanceinstitute.com/resources/excel/basic-excel-formulas-beginners/
[7]
https://support.microsoft.com/en-us/office/examples-of-commonly-used-formulas-b45a3946-819
e-455e-ac20-770ea6aa05da?ui=en-us&rs=en-us&ad=us
[8] https://clickup.com/blog/excel-formulas/

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