Microsoft Excel: Most Important Functions and Formulas
Here are some of the most commonly used functions and formulas in Microsoft Excel:
1. **SUM**:
Adds values in a range.
Formula: =SUM(A1:A10)
2. **AVERAGE**:
Calculates the average of a range of numbers.
Formula: =AVERAGE(A1:A10)
3. **IF**:
Performs a logical test and returns different values for TRUE and FALSE.
Formula: =IF(A1>10, "Yes", "No")
4. **VLOOKUP**:
Searches for a value in the first column of a range and returns a value in the same row.
Formula: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])
5. **HLOOKUP**:
Searches for a value in the first row of a range and returns a value in the same column.
Formula: =HLOOKUP(lookup_value, table_array, row_index_num, [range_lookup])
6. **CONCATENATE** / **TEXTJOIN**:
Combines multiple text strings into one.
Formula: =CONCATENATE(A1, " ", B1)
(Use TEXTJOIN in newer versions.)
7. **LEN**:
Returns the number of characters in a text string.
Formula: =LEN(A1)
8. **TRIM**:
Removes all extra spaces from text except single spaces between words.
Formula: =TRIM(A1)
9. **LEFT, RIGHT, MID**:
Extracts specific parts of a text string.
Formula: =LEFT(A1, 5), =RIGHT(A1, 3), =MID(A1, 2, 4)
10. **NOW, TODAY**:
Returns the current date and time or only the date.
Formula: =NOW(), =TODAY()
11. **COUNT, COUNTA, COUNTIF**:
- COUNT: Counts numeric values.
Formula: =COUNT(A1:A10)
- COUNTA: Counts non-empty cells.
Formula: =COUNTA(A1:A10)
- COUNTIF: Counts cells based on a condition.
Formula: =COUNTIF(A1:A10, ">10")
12. **PMT**:
Calculates loan payment based on constant interest rate and period.
Formula: =PMT(rate, nper, pv)
13. **PROPER, UPPER, LOWER**:
Changes the case of text.
Formula: =PROPER(A1), =UPPER(A1), =LOWER(A1)
These functions are essential for data analysis, financial calculations, and text manipulation in Excel.