60 Formulas in Excel. How to use formulas in excel for beginners ? DC HELPING・2 minutes read
Microsoft Excel has over 400 formulas, with 64 crucial ones explained in a video, covering functions like financial, text, date, and lookup. The IF function is important for logical operations, while using functions accurately requires understanding Function Arguments and Function Features in Excel.
Insights Microsoft Excel offers over 400 formulas, with 64 key ones explained in a video, covering financial, logical, text, date, and time functions. The Insert Function feature in Excel aids in searching for specific functions or formulas, while the Function Arguments dialog box helps in understanding and correctly applying functions. The IF function in Excel is pivotal for logical operations, while the SUM function necessitates typing the equal sign before the function to function correctly. Functions like PMT, IPMT, PF, and NPER in Excel are crucial for financial calculations, especially for determining loan installments weekly, monthly, quarterly, semi-annually, and annually. Get key ideas from YouTube videos. It’s free Recent questions What are some essential Excel functions?
Various functions include financial, logical, text, date, and time.
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Master Excel Formulas and Functions for Efficiency Microsoft Excel has over 400 formulas, with 64 crucial ones explained in a video. Functions in Excel include financial, logical, text, date and time, lookup, and more. The Insert Function feature allows searching for specific functions or formulas. The Function Arguments dialog box helps understand and use functions correctly. The IF function in Excel is a crucial formula for logical operations. The SUM function in Excel requires pressing the equal sign before typing the function. Financial functions in Excel include PMT, IPMT, PF, and NPER for various calculations. Calculating weekly, monthly, quarterly, semi-annual, and annual loan installments in Excel involves using the PMT function with specific arguments. Formatting numbers in Excel, especially percentages, is essential for accurate calculations. Understanding the division of principal and interest in loan installments is crucial, with PMT and IPMT functions helping in the calculation. 14:22
Excel Functions for Monthly Payment Calculations To calculate the principal amount and first month's interest, use the PMT function with the rate divided by 12. The period selection is crucial for determining the principal amount and interest for each month. The total time is calculated by multiplying the income by 12. The IPMT function helps in calculating the interest for the first month. The balance decreases every month, leading to a reduction in interest. To adjust the monthly payment to a desired amount, use the Goal Seek feature in Excel. Future value calculations involve depositing a fixed amount monthly at a specified interest rate. The IF function in Excel allows for setting conditions to determine bonuses based on salary levels. Different bonus percentages are applied based on salary thresholds set in the IF function. Closing the brackets correctly is essential for accurate calculations in Excel functions. 31:20
Automated Bonus Calculation with Excel Functions Press enter to see the bonus calculated automatically based on the condition. Bonuses are automatically paid out according to the condition. The bonus is calculated automatically based on the condition. The function to count bonuses is explained. The IF function is used to determine bonuses based on conditions. The AND function is used to match multiple conditions for bonus eligibility. The IF function is used to determine bonus eligibility based on conditions. The AND function is used to match multiple conditions for bonus eligibility. The END function is used to ensure all conditions are met for bonus eligibility. The IFERROR function is used to handle errors in calculations. 45:37
Excel Functions for Error, Average, Care, Code The text discusses using functions like Error, Average, Care, Code, Proper, Lower, Upper, Text, Repeat, Find, Search, Mid, Substitute, Date, and Time in Excel. It explains how to use the Error function to calculate errors and the Average function to find the average. The Care function is used to determine the character of a specific code in Excel. The Code function helps identify the code of a character in Excel. The Proper function capitalizes the first letter of a text and converts the rest to lowercase. The Lower function converts text to lowercase, while the Upper function converts it to uppercase. The Text function calculates the number of characters in a text. The Mid function extracts characters from the middle of a text based on specified start and end numbers. The Substitute function replaces specific text within a cell with new text. The Date function helps separate date components like day, month, and year in Excel. 01:01:28
Mastering Date and Time Functions in Excel To determine the year, start by selecting the year, then the month, and if it's "A," choose "main." If paying, select accordingly, ensuring brackets are closed; if not, the date will still be reduced. The formula for the date should be saved in date format, ensuring clarity. To obtain a serial number, press equal and type the serial number, closing the bracket to get the desired result. By selecting the date and closing the bracket, the day can be extracted separately. To format days like Sunday, Monday, etc., separate formatting is necessary, which can be done through the cell dialogue box. The week number can be determined by using the formula, which will indicate the week of the year. The "dated" formula in Google Sheets can calculate the total days, months, and years between two dates accurately. By using the "dated" formula with specific arguments, one can calculate the total time elapsed from a given date, including years, months, and days. To calculate the total time from a specific date of birth to the present day, the "dated" formula can be utilized effectively, providing the exact number of years, months, and days. 01:17:24
Excel Functions for Efficient Data Referencing Lookup and reference functions are essential in Excel. Functions like lookup, match, and address are used for referencing. Providing a reference cell is crucial for accurate results. The address formula helps in determining cell locations. Absolute and relative referencing styles impact formula results. The substitute formula can replace specific text within a cell. Hyperlinks can be inserted to link to external files or documents. The choose function assigns numbers to values based on selection. Index numbers are assigned to values using the choose function. Dragging and dropping formulas can automate data entry and calculations. 01:33:27
Excel Lookup Function: Finding Data Efficiently The text discusses using a lookup function to find specific data in Excel. It explains the process of using the lookup function to find values based on specific criteria. The text emphasizes the importance of accurate spelling when using the lookup function. It details the steps of selecting the lookup value and the table for the function. The text highlights the significance of selecting the correct column index number for the desired data. It mentions the option of choosing between an exact match or an approximate match in the lookup function. The text demonstrates the process of freezing the selected data range for accurate results. It explains the process of finding ID numbers using the lookup function. The text provides guidance on handling errors and ensuring proper data selection for the lookup function. It concludes by discussing the application of the lookup function in finding phone numbers based on specific names in a dataset. 01:47:14
Efficient Data Retrieval Techniques in Excel Adding data to a black cell reduces the search time for finding specific information. Softening a table involves adding money to specific cells. The right side of a cell is indicated by the column index. Column numbers correspond to the data being searched for, such as phone numbers. Using zero signifies an exact match, while other numbers indicate approximate matches. The C Lookup function helps find data vertically or horizontally. Creating a drop-down list involves selecting data validation and entering desired values. Combining C Lookup with the Match function allows for flexible column selection. The Match function provides the position of a value within a range. Using the Match function with V Lookup streamlines data retrieval and allows for easy changes in column selection. 02:02:31
Mastering Excel: Matching and Analyzing Data The focus is on determining the value of the right side only. The left column contains values that need to be matched with the right column. The lookup value is crucial for finding the corresponding value. The "choose" function or the "index plus match" formula can be used for this purpose. The "V Lookup" formula is explained, involving selecting and controlling data. The "C Lookup" formula is detailed, including the use of curly brackets and index numbers. The "index" function is demonstrated, specifying row and column numbers. The "match" function is utilized to find specific values within a table. The process of using the "index plus match" function is explained for finding values on both sides. The creation of a pivot table for data analysis is outlined, including selecting fields and items for analysis. 02:18:13
Excel Functions for Calculations and Operations The text discusses using Excel functions to perform various calculations and operations. It mentions using the "randbetween" formula to generate random numbers within a specified range. Explains the "power" formula for calculating the result of raising a number to a specific power. Describes using the "sqrt" formula to find the square root of a given number. Introduces the "subtotal" formula for calculating totals based on specific conditions. Discusses the "sumif" formula for summing values based on specified criteria. Explains the "sumifs" formula for summing values based on multiple conditions. Mentions the "product" formula for multiplying numbers together. Describes the "average" function for calculating the average of a set of values. Introduces the "max" and "min" functions for finding the maximum and minimum values in a set of data. 02:36:54
"Calculating, Counting, and Forecasting Data Values" The lowest value is the smallest, determined by finding the smallest value. Drag and drop to achieve average maximum and find minimum values. Count formula calculates the count of items, useful for understanding data. Count function counts only numerical values, not alphabetical ones. Count A formula counts both numerical and alphabetical values. Count If function allows for setting conditions to count specific data. Forecast function predicts future values based on historical data. Forecast function requires target date, values, and timeline to provide accurate predictions. Forecast function can be used to create charts for visual representation of data.