What is MROUND function in Excel?
The MROUND function is one of the math functions of Excel.
It returns a number rounded to the desired multiple.
We can find this function in Math & trig category of insert function Tab.
How to use MROUND function in excel
- Click on an empty cell (like F5 )
2. Click on the fx icon (or press shift+F3)
3. In the insert function tab you will see all functions
4. Select math and trig category
5. Select MROUND function
6. Then select ok
7. In the function arguments Tab you will see MROUND function
8. Number section is the value to round.
9. Multiple section is the multiple to which you want to round number.
10. If you enter for example (100,3) result will be 99
11. If you enter (-100,-3) result will be -99
12. You will see results in the formula result section
Examples of MROUND function in excel
=MROUND(15, 10)– Returns 20, as 15 rounded to the nearest multiple of 10 is 20.=MROUND(23.5, 5)– Returns 25, as 23.5 rounded to the nearest multiple of 5 is 25.=MROUND(-45, 10)– Returns -50, as -45 rounded to the nearest multiple of 10 is -50.=MROUND(9.99, 0.01)– Returns 9.99, as 9.99 rounded to the nearest multiple of 0.01 is still 9.99.=MROUND(125, 100)– Returns 100, as 125 rounded to the nearest multiple of 100 is 100.=MROUND(3.14159, 0.001)– Returns 3.142, as 3.14159 rounded to the nearest multiple of 0.001 is 3.142.=MROUND(75, -10)– Returns 80, as 75 rounded to the nearest multiple of -10 is 80.=MROUND(11.5, 1.25)– Returns 11.25, as 11.5 rounded to the nearest multiple of 1.25 is 11.25.=MROUND(-6, -3)– Returns -6, as -6 rounded to the nearest multiple of -3 is -6.=MROUND(1234, 111)– Returns 1221, as 1234 rounded to the nearest multiple of 111 is 1221.
Example 1:
How to use MROUND function in excel
You can see examples of MROUND function below:
mround(A2,B2) ----->>>>answer is 123
mround(A3,B3) ----->>>>answer is 124
mround(A4,B4) ----->>>>answer is 0
mround(A5,B5) ----->>>>answer is -123
mround(A6,B6) ----->>>>answer is -124“MROUND Function in Excel: A Guide to Rounding Numbers to Nearest Multiple”
The MROUND function in Excel is a useful tool for rounding numbers to the nearest specified multiple. This can be particularly helpful in financial modeling or any situation where precise calculations are necessary.
For example, let’s say you have a list of retail prices and you want to round them to the nearest 10 cents. You can use the MROUND function to achieve this quickly and easily.
“How to Use the MROUND Function in Excel: A Step-by-Step Tutorial”
To use the MROUND function in Excel, follow these simple steps:
- Select the cell where you want the rounded number to appear.
- Type “=MROUND(” into the formula bar.
- Add the original number you want to round.
- Type a comma “,” and specify the multiple to which you want to round.
- Close the parentheses “)” and hit Enter.
For example, if you want to round the number 23 to the nearest 5, you would enter “=MROUND(23,5)” in the formula bar. The resulting value would be 25, since 25 is the nearest multiple of 5 to 23.
“Understanding the Syntax of MROUND Function in Excel”
The syntax of the MROUND function in Excel is relatively straightforward, but it’s important to understand how the arguments work in order to use the function effectively.
The basic syntax of the MROUND function is as follows:
=MROUND(number, multiple)
The “number” argument represents the original number that you want to round to the nearest multiple. The “multiple” argument represents the value to which you want to round the number.
“What is the ‘Number’ Argument in MROUND Function and How to Use It?”
The “number” argument in the MROUND function represents the original number that you want to round to the nearest multiple. This argument can be a cell reference or a specific value entered directly into the formula.
For example, let’s say you have a list of invoice totals in column A and you want to round them to the nearest 100. You would use the following formula:
=MROUND(A2,100)
This would round the value in cell A2 to the nearest 100 and return the result in the cell where the formula is entered.
“Explained: The Role of ‘Multiple’ Argument in MROUND Function in Excel”
The “multiple” argument in the MROUND function determines what value the original number will be rounded to. This argument can be any positive or negative number, including decimals.
For example, if you want to round the number 37 to the nearest multiple of 5, you would use the formula:
=MROUND(37, 5)
In this case, the “multiple” argument is 5 and the resulting value returned by the formula would be 35.
“Decoding How the MROUND Function Rounds Numbers in Excel”
The MROUND function in Excel rounds numbers to the nearest specified multiple. If the original number is exactly halfway between two multiples, the function will round it to the nearest even multiple.
For example, let’s say you want to round the number 15 to the nearest multiple of 10. The result of this calculation would be 20, since 20 is the nearest even multiple of 10 to 15.
“What Happens When Number is Exactly Halfway Between Two Multiples in MROUND Function?”
When the “number” argument is exactly halfway between two multiples, the MROUND function rounds it to the nearest even multiple. For example, if the “number” argument is 2.5 and the “multiple” argument is 2, the resulting value would be 2.
“MROUND Function with Negative Values: Here’s What You Need to Know”
The MROUND function in Excel can be used with negative values as well as positive ones. When using the MROUND function with negative values, the function will round the number down towards zero. This means that a negative number will be rounded to the lesser of two multiples.
For example, let’s say you have a negative number -12.3 that you want to round to the nearest multiple of 2. In this case, the resulting value would be -12.
“Using MROUND Function with Decimal Numbers in Excel”
The MROUND function in Excel can be used to round decimal numbers to the nearest specified multiple. For example, if you have the number 8.2 and you want to round it to the nearest multiple of 0.5, you can use the following formula:
=MROUND(8.2,0.5)
This will return the value 8.5, which is the nearest multiple of 0.5 to 8.2.
“How to Nest MROUND Function within Other Functions in Excel”
The MROUND function in Excel can be easily nested within other functions to perform more complex calculations. For example, let’s say you have a list of prices in column A and you want to round them to the nearest multiple of 10 before taking their average. You could use the following formula:
=AVERAGE(MROUND(A1:A5, 10))
This will first round each price in the range A1:A5 to the nearest multiple of 10 before calculating their average.
“MROUND vs ROUND Function: Key Differences Explained”
While both the MROUND and ROUND functions in Excel are used for rounding numbers, there are some key differences between them. The ROUND function only allows you to round to a specific number of digits, while the MROUND function allows you to round to any specified multiple.
For example, let’s say you have the number 23.456 and you want to round it to two decimal places. To do this using the ROUND function, you would use the following formula:
=ROUND(23.456, 2)
This would return the value 23.46, rounded to two decimal places. On the other hand, if you wanted to round the same number to the nearest multiple of 5, you would use the MROUND function, as shown below:
=MROUND(23.456, 5)
This would return the value 25, which is the nearest multiple of 5 to 23.456.
“Can You Use MROUND Function with Non-Numeric Values in Excel?”
No, the MROUND function in Excel is designed to work only with numerical values. It rounds a given number to the nearest multiple of another number. If you try to use the MROUND function with non-numeric values, you will get an error message.
“Limitations of MROUND Function: The Maximum and Minimum Numbers that Can be Rounded”
The MROUND function in Excel has some limitations when it comes to the maximum and minimum numbers that can be rounded. The maximum number that can be rounded by the MROUND function is 9.99999999999999E+307, while the minimum number that can be rounded is -9.99999999999999E+307.
For example, if you try to round a number larger than 9.99999999999999E+307 using the MROUND function, you will get an error message.
“Using MROUND Function with Arrays or Ranges of Cells in Excel”
The MROUND function in Excel can be used with arrays or ranges of cells to quickly round multiple values at once. To do this, simply enter the formula in the first cell of the range, then drag the fill handle down to apply the formula to the remaining cells.
For example, let’s say you have a column of prices in column A that you want to round to the nearest 5. You can use the following formula in cell B1:
=MROUND(A1, 5)
Then, drag the fill handle down to apply the formula to the remaining cells in column B.
“No Limits! How Many Arguments Can the MROUND Function Take in Excel?”
The MROUND function in Excel can take up to two arguments: the “number” argument and the “multiple” argument. There is no limit to the number of times the MROUND function can be nested within other functions or formulas, however.
“Why Can’t the ‘Multiple’ Argument be Zero in MROUND Function in Excel?”
The “multiple” argument in the MROUND function cannot be zero because division by zero is undefined. If you try to use zero as the “multiple” argument in the MROUND function, you will get a #DIV/0! error.
“Common Errors with MROUND Function in Excel and How to Avoid Them”
One common error that can occur when using the MROUND function in Excel is supplying the arguments in the wrong order. It’s important to ensure that the “number” argument comes before the “multiple” argument, or you will get an incorrect result.
Another common error is using non-numeric values in the MROUND function. This will result in a #VALUE error.
“How to Correct Errors Caused by MROUND Function in Excel”
To correct errors caused by the MROUND function in Excel, double-check that the arguments are in the correct order and that all values supplied to the function are numeric. If the error persists, try using a different rounding function such as ROUND or CEILING.
“The Many Uses of MROUND Function in Financial Calculations in Excel”
The MROUND function in Excel has many practical uses in financial calculations. For example, it can be used in mortgage calculations to round payments to the nearest dollar, or in bond pricing to round coupon payments to the nearest cent.
“When to Use MROUND Function in Excel: Applications and Examples”
The MROUND function in Excel is particularly useful in situations where precise calculations are required. It can be used in a variety of applications, such as:
- Rounding prices or discounts to the nearest nickel or dime
- Rounding salaries or wages to the nearest dollar or thousand
- Rounding loan payments or interest rates to the nearest cent or basis point.
- CEILING function
- FLOOR function
- ROUND function
- ROUNDDOWN function
- ROUNDUP function
- MROUND function
- INT function
- TRUNC function
