What Do Formula Symbols (&,$, etc.) Mean?
Microsoft Excel is one of the most sought-after spreadsheet software used by individuals and businesses worldwide. However, many people are still unaware of its full potential and features, particularly when it comes to formulas, functions, and symbols. Microsoft Excel Masterclass is an excellent way to get to know about each and everything. Excel formulas and functions are powerful tools for efficiently performing complex calculations.
According to a recent survey, over 750 million people use excel globally. In this blog, we will discuss what formula symbols mean in Excel and how they can be used to make spreadsheet tasks more efficient.
Table of Content
- Understanding Formula Symbols in Excel
- List of Formula Symbols and their meanings
- Benefits of Formula symbols in Microsoft Excel
- How to use Symbols in Microsoft Excel
Understanding Formula Symbols in Excel
The Formula symbols used in excel represent a character or group of characters representing a specific function or operation. These symbols are used to create formulas that perform calculations and manipulate data in spreadsheets.
List of Formula Symbols and their Meanings
Below is the list of the symbols that can be used in an excel Formula. We have explained each symbol’s name, formula, and example to help you understand it better.
|Symbol||Name||Meaning|| Example to denote
how to go about it
|=||Equal||Denotes the beginning of a formula; Represents equal to in the logic condition|| =A1;
|+||Plus||The Formula adds the number on the left with the number on right||=2+3|
|–||Minus||The Formula subtracts the number on the left with the number on right||=5-2|
|*||Asterisk||The Formula multiplies the number on the left with the number on right||=5*2|
|/||Slash||The Formula divides the number on the left with the number on right||=6/2|
|^||Caret||The Formula powers the number on the left with the level of the number in right||=2^3|
|%||Percentage||Percentage symbol makes the number in its left side a percentage||=100*20%|
|<||Less than||This Formula represents “less than” in a logic system|| =IF(B1<6, “Less than
6”, “At least 6”)
|>||More than||The Formula represents “more than” in a logic condition||=IF(B1>6, “More than 6”, “Maximum 6”)|
|$||Dollar||This Formula make the row number or column letter on its right side an absolute reference|| =$B$1+A8
Benefits of Formula symbols in Microsoft Excel
Formula symbols are an essential tool in excel that can provide users with many benefits. These symbols represent mathematical functions, operations, and other complex calculations. This makes it easier to perform complex tasks in excel. Using Formula symbols in excel allows users to perform calculations on large data sets. This helps save time and increase productivity in many different settings, such as business, scientific research, and finance. Additionally, using formula symbols ensures consistency and accuracy in calculations.
How to use Symbols in Microsoft Excel
To use Formula symbols in Microsoft Excel, you must enter them into a formula along with the cell values or references you want to operate on. Here is a simple step-by-step process to create a basic formula in Excel:
Step 1: Select the cell where you want the result of the formula to appear.
Step 2: further, type the equal sign “=” to indicate to the system that you are entering a formula.
Step 3: Enter the formula symbols and cell references or values you want to calculate.
Step 4: Press “Enter” to calculate the result.
For example, to add the values in cells A1 and B1 together, you would enter the formula =“A1+B1” into the cell where you want the result to appear.
Formula symbols are an important tool of excel that allow users to perform calculations and manipulate data efficiently. After understanding the meaning of the most used Formula symbols, one can create a powerful formula that automates the data analysis and saves time. Always remember to start with the equal sign, and you can build up your formulas using a combination of formula symbols, cell references, and values.