Page 24 - iprime_V2.2_class8
P. 24
FUNCTIONS
Functions are predefined formulas in Excel to perform both simple and complex calculations.
They accept arguments and return values. Arguments are inputs given to the functions. These
arguments can be numbers or text. The values should be given in between the opening and
closing ( ) parenthesis.
Rules for using Functions
These are some rules to be followed for using functions:
All Excel functions must begin with the = sign.
The function name must be a valid name.
The function must be followed by opening and closing parenthesis.
Categories of Functions
Excel provides several categories of functions to help users perform various tasks ranging from
simple calculations to complex data analysis. Some of them are as follows:
Mathematical Functions: These functions perform basic mathematical operations, such as
addition, subtraction, multiplication, division, etc.
Statistical Functions: These functions are used for statistical analysis and include measures
of central tendency, distribution, probability, etc.
Text Functions: These functions are used for manipulating text strings, such as combining,
trimming, changing the case of text, etc.
Logical Functions: These functions are used to perform logical tests and return logical values
(TRUE or FALSE).
Date and Time Functions: These functions help work with dates and times, allowing users to
extract and manipulate date and time information.
Lookup and Reference Functions: These functions are used to search for and return
information from a specific range or table.
Financial Functions: These functions are used for financial calculations, such as those involving
interest rates, loan payments, investments, depreciation, etc.
Information Functions: These functions return information about the data or the format,
location, or content of a cell.
Mathematical Functions
Functions Purpose Example
Adds up all the numbers in a Input: =SUM(4,8,12,16)
SUM(range)
specified range Output: 40
Multiplies the numbers in a specified Input: =PRODUCT(4,2,8)
PRODUCT(range)
range Output: 64
22 iPRIME (Ver. 2.2)–VIII

