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Excel Education

MS Excel is a popular spreadsheet software, which is used by all types of businesses to organize data and do financial analysis, and for this basic math calculations are required. If the size of the data is large, then it can take a lot of time to do the calculation. In such a situation, Excel Formula (Excel Education) can prove to be very useful. Not only this, the accuracy of the data calculated with Excel Formula is also high. With the help of Excel Formula, you can do calculations from basic to advanced level in seconds.

What is Excel Formulas?


Formula in Excel is an expression, which calculates the value entered in a cell or range of cells on an Excel worksheet. These are equations that can do calculations. Excel has a pre-defined formula to calculate the value of data. All formulas in Excel start with the equal sign (=), followed by numeric values, also known as constants. After which there are plus (+), slash (/), asterisk (*), percentage (%) and minus (-).

You can see the list of Excel formulas in the Function Library of the Formulas tab. Here you will find more than 400 Excel functions and formulas.

Types of MS Excel Formulas

MS Excel Formula can be classified into 6 types, which are as follows.

1. Logical Formula: Logical formula is used to check whether a certain condition is true or false.

IF
AND
OR
NOT
TRUE
FALSE

2. Arithmetic Formula: Arithmetic formula is used for basic arithmetic operations such as addition, subtraction, multiplication and division.

Substraction: –
Multiplication: *
Exponentiation: ^
Negation: –
Addition: +
3. Text Formulas: These formulas are used to manipulate text strings.

CONCATENATE
LEFT
RIGHT
MID
LEN
LOWER
UPPER
PROPER
TRIM
SUBSTITUTE
REPT
TEXT
VALUE
4. Date and Time Formulas: These formulas are used to manipulate date and time values.

NOW
TODAY
DATE
YEAR
MONTH
DAY
HOUR
MINUTE
SECOND
TIME
5. Financial Formulas: Financial formulas are used for financial calculations.

PMT
PV
FV
RATE
NPER
NPV
IRR
MIRR
6.Statistical Formula: Statistical formula is used to do statistical analysis.

AVERAGE
MEDIAN
MODE
MIN
MAX
COUNT
COUNTA
COUNTIF
SUM
SUMIF
STDEV
CORREL
RANK
RAND
RAND BETWEEN


Features of Excel Formulas (Excel Education)

Features of MS Excel:

• Home Tab: On the home tab of MS Excel, we get many useful functions such as, Font Size, Font Colour, Background Colour, Alignment, Formatting Options and Style, Insertion and Deletion of Cells and Editing Options etc.

Insert: Inside this tab, you can insert images, graphs, charts etc.

Page Layout: You can set the page layout such as portrait and landscape.

• Formula: You can analyze any type of data with mathematical equations and mathematical formulas on the Formula tab.

Usages of MS Excel:

• MS Excel can be used to store and analyze any data.

• For accounting and budgeting

• For data interpretation

• For tracking or scheduling any work

MS Excel Formula Shortcut List

SUM : Alt+=

AVERAGE : Alt+Shift+F

COUNT : Alt+Shift+C

MAX : Alt+Shift+X

MIN : Alt+Shift+N

TODAY : Ctrl+;

NOW : Ctrl+Shift+;

ROUND : Ctrl+Shift+!

CONCATENATE : Alt+Enter

IF : Ctrl+Shift+Enter

How to Apply Formulas in Excel in Hindi

With the help of formula in MS Excel, you can calculate the biggest data in just a few hundred, but for this it is necessary to use the right formula in the right way. Let us understand how to apply formula in MS Excel with the help of an example.

For example, we have applied a formula in Cell A5, which multiplies the value entered in Cell A3 by the value of Cell A4.

To enter this formula in Cell A5, follow the following steps –

  • First select Cell A5
  • After this, type A3*A4 in the cell
  • Now press the Enter key from the keyboard

Apart from this, select Cell A5, later put the equal sign (=). After which select A3 with the help of mouse or touchpad and then type the multiply sign (*) with the help of keyboard and then select Cell A4 with the help of mouse or touchpad. Finally press the Enter key.

Benefits of Excel formulas in Hindi

• Simple calculation: Suppose if you have to calculate the standard division of a data set, then for that you will first have to calculate the data variation. For variation, you may have to average the data and many other things and after that you can use them in the formula of standard division. But in Excel, you can calculate standard division with the help of just one formula.(Excel Education)

• Get work done faster: Without Excel formulas, it takes hours to make a report, but with the help of Excel formula, the report can be made quickly.

• Reduce repetitive work: If you have to make a daily sales report, then Excel formula can give you freedom from doing the same kind of work every day.

• Accuracy: With the help of Excel formula, even complex data can be analyzed with accuracy.

• Daily data management: With the help of Excel, you can manage your daily data well.

Conclusion

Be it a school project or business, MS Excel Formula (Excel Education) can be used for any kind of mathematical or financial analysis. With the help of formula, even the biggest calculations can be done in hundreds and that too with accuracy. With the help of Excel Formula, you can easily do budget or financial analysis. If you also want to make a career in the computer field after learning Excel formula and Advanced Excel MIS Executive,

Frequently Asked Questions (FAQs)

Q1. What are the benefits of learning Excel Formulas?

With the help of Excel Formula, even the biggest data and complex calculations can be done in a few seconds. With the help of formula, you can get freedom from repetitive work.

Q2. Are there different types of formulas in Excel?

There are more than 400 formulas in Excel, in which formulas like Sum, Addition, Multiplication, Division are used a lot.

Q3. How to use formula in Excel?

The formula in Excel starts with the equal sign (=).

Q4. What to do first to create a formula in Excel?

First of all, select the cell in which you want to apply the formula and type the equal sign (=).

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