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Let's Know About
2 Formulas and
Functions in Excel
Core Concepts
On completion of this chapter you will be able to know:
¨ Working with Formulas ¨ Cell Range
¨ Cell Reference ¨ Functions
¨ Formula Errors
Warm Up #Problem Solving
Write down the steps to start Excel 2021.
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Formulas are the user-defined instructions to perform calculations; whereas, functions are the pre-
defined or inbuilt formulas that are there in Excel, by default.
WORKING WITH FORMULAS
Formulas are used to perform calculations, such as addition, subtraction, division, and
multiplication. A formula establishes a relationship between two or more cells. It is an expression
that can include cell addresses, numbers, arithmetic operators, and parentheses. Using it, you can
perform simple as well as complex calculations.
A formula must begin with an equals to (=) symbol, followed by cell references and operators.
It may contain a few or all the following elements:
References: A cell or range of cells that you want to include in your calculation
Operators: Symbols (+, -, *, /, %, $, #, etc.) that specify the operation to be performed
Constants: Numbers or text values that do not change
Functions: Pre-defined formulas in Excel
Cell address
Equals to symbols
=A2 + B2 * 5 – SUM (E3 : E5)
Constant Range
Function
Mathematical operators
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