The formulas are what make a spreadsheet a spreadsheet.
Excel allows you to introduce flexible used values (or text) in cells to
calculate the result. When you enter a formula in a cell, the result of the
formula appears in the cell. If you change any of the cells used by a formula,
the formula recalculates and displays the new result.
Formulas can be simple mathematical expressions, or
can use some powerful functions that are built into Excel. In Picture shows an
Excel spreadsheet set up to calculate the monthly loan payment. The worksheet
contains the values, text and formulas. The cells in column B contain text.
Column C contains four values and two formulas. The formulas are in cells C7
and 11. Column E, as a reference, shows the actual content of the cells in
column C.
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