EXCEL FUNCTIONS-DOLLARDE

INTRODUCTION

DOLLARDE function comes under the FINANCIAL FUNCTIONS category in Excel.

DOLLARDE function converts a dollar expressed in fraction into decimal form.

PURPOSE OF DOLLARDE IN EXCEL

DOLLARDE function converts a dollar expressed in fraction into decimal form.

PREREQUISITES TO LEARN DOLLARDE  

THERE ARE A FEW PREREQUISITES WHICH WILL ENABLE YOU TO UNDERSTAND THIS FUNCTION IN A BETTER WAY.

  •  Basic understanding of how to use a formula or function.
  •  Basic understanding of rows and columns in Excel.
  • Some information about the financial terms is an advantage for the use of such formulas.
  •  Of course, Excel software.

Helpful links for the prerequisites mentioned above What Excel does? How to use formula in Excel?

SYNTAX: DOLLARDE FUNCTION IN EXCEL  

The Syntax for the function is
DOLLARDE(DOLLAR IN FRACTION, FRACTION)

DOLLAR IN FRACTION   Value of dollar in fraction

FRACTION   denominator of the fraction

e.g.

DOLLARDE(1.04,32) is read as 1 and 4/32

FORMULA BEHIND THE FUNCTION

Its a simple conversion of fraction to decimal.

EXAMPLE:DOLLARDE IN EXCEL

DATA SAMPLE

FRACTIONAL DOLLAR1.04
FRACTION32
EXCEL DOLLARDE FUNCTION EXAMPLE

STEPS TO USE DOLLARDE

The data is put in the cells from D5 TO D6.For the result we put the formula in D8 as

=DOLLARDE(D5,D6)

The result comes out to be $1.125 which is the dollar in decimal conversion from dollar in fraction.