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Using in-built functions in Excel

  • Edited screen shots showing how to use in-built functions in Excel
  • Excel functions - calculating the equal monthly instalments on a loan
  • Functions are predefined formulas that perform calculations by using specific values, called arguments, in a particular order, or structure. Functions can be used to perform simple or complex calculations. For example, the ROUND function rounds off a number in cell A10.
    using functions in Excel
    Structure of a function
    1. Structure: The structure of a function begins with an equal sign (=), followed by the function name, an opening parenthesis, the arguments for the function separated by commas, and a closing parenthesis.
    2. Function name: For a list of available functions, click a cell and press SHIFT+F3.
    3. Arguments: Arguments can be numbers, text, logical values such as TRUE or FALSE, arrays (array: Used to build single formulas that produce multiple results or that operate on a group of arguments that are arranged in rows and columns. An array range shares a common formula; an array constant is a group of constants used as an argument.), error values such as #N/A, or cell references (cell reference: The set of coordinates that a cell occupies on a worksheet. For example, the reference of the cell that appears at the intersection of column B and row 3 is B3.). The argument you designate must produce a valid value for that argument. Arguments can also be constants (constant: A value that is not calculated and, therefore, does not change. For example, the number 210, and the text "Quarterly Earnings" are constants. An expression, or a value resulting from an expression, is not a constant.), formulas, or other functions.
    4. Argument tooltip: A tooltip with the syntax and arguments appears as you type the function. For example, type =ROUND( and the tooltip appears. Tooltips only appear for built-in functions.
    5. Entering formulas: When you create a formula that contains a function, the Insert Function dialog box helps you enter worksheet functions. As you enter a function into the formula, the Insert Function dialog box displays the name of the function, each of its arguments, a description of the function and each argument, the current result of the function, and the current result of the entire formula.
    using functions in Excel
    In-built Excel functions - continued

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