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What does ^ do in this formula =B8*(1+$C$1)^(($C$3-$C$2)/365)-B8
I was sent a spreadsheet that is supposed to calculate interest earned. It
has a character in the middle of the formula that I have not seen before. What does ^ do in the formula? |
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#2
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What does ^ do in this formula =B8*(1+$C$1)^(($C$3-$C$2)/365)-B8
Caret: "^" means "to the power of"
(the exponentiation operator) Eg: entering in say, A1: =2^4 means to evaluate 2 to the power of 4 i.e: =2 x 2 x 2 x 2 =16 -- Max Singapore http://savefile.com/projects/236895 xdemechanik --- "frustrated financial person" om wrote in message ... I was sent a spreadsheet that is supposed to calculate interest earned. It has a character in the middle of the formula that I have not seen before. What does ^ do in the formula? |
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#3
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What does ^ do in this formula =B8*(1+$C$1)^(($C$3-$C$2)/365)-B8
The "^" is the exponentiation function.
In this formula =B8*(1+$C$1)^(($C$3-$C$2)/365)-B8, it raises (1+$C$1) to the power of (($C$3-$C$2)/365). "frustrated financial person" wrote: I was sent a spreadsheet that is supposed to calculate interest earned. It has a character in the middle of the formula that I have not seen before. What does ^ do in the formula? |
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