- A function is a predefined formula that performs calculations using specific values in a particular order.
- Functions can be used to perform simple or complex calculations.
- Excel includes many common functions that can be used to quickly find the sum, average, count, maximum value, and minimum value for a range of cells.
1 FV(D7, D4, D5) FV menans future value
2 NPER(D7, D5, D6) NPER means a number of periods for an investment based on periodic
3 PMT(J5, 12, J4) PMT means Returns the periodic payment for an annuity with constant interest rates
4 PV(J5, 12, D5) PV means Returns the present value of an investment
5 RATE(12, D5, D6) Rate means Returns the constant interest rate per period of an annuity
How does the IF() function in Excel work?
In Excel, the IF() function performs a logical test. It returns a value if the test evaluates to true and another value if the test result is false. It returns the value depending on whether the condition is valid for the entire selected range.
How do we use the SUMIF() function in Excel?
The SUMIF() function adds the cell values specified by a given condition or criteria. Given below is an example of the sumif function.
How do you freeze panes in Excel?
Freeze panes keep the rows and columns visible while scrolling through a worksheet. To freeze panes, select the View tab and go to Freeze Panes.
For example: If you are looking to freeze the first two columns of a dataset, select the 3rd column, and click ‘Freeze Panes’.
How do you create a hyperlink in Excel?
Hyperlinks are used to navigate between worksheets and files/websites.
To create a hyperlink, the shortcut used is Ctrl+K.
How can we merge multiple cells text strings in a cell?
To merge text strings present in multiple cells into one cell, you can use the CONCATENATE(). Shown below is an example of the concatenate function.
For example: =concatenate( "a1", " ", "b1")
How can you split a column into 2 or more columns?
You can split a column into 2 or more columns by following the below steps:
1. Select the cell that you want to split. Then, navigate to the Data tab, after that, select Text to Columns.
2. Select the delimiter.
How many report formats are available in Excel?
There are three report formats available in Excel; they are:
- Compact Form
- Outline Form
- Tabular Form
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