PROVIDING ACCURATE, RELIABLE AND STRAIGHT TO THE POINT KNOWLEDGE ABOUT DIFFERENT IT TOOLS EXPLAINED WITH PRACTICAL EXAMPLES

EXCEL FUNCTIONS-DOLLARDE

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.

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

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

Its a simple conversion of fraction to decimal.

FRACTIONAL DOLLAR	1.04
FRACTION	32

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.