Excel is a powerful spreadsheet tool that is used extensively by business professionals to store and analyze data. It has an array of functions that can help you manipulate your data quickly and easily. One of those functions is the MROUND function. In this article, we’ll explain what the MROUND function is and how to use it.

What is the MROUND Function?

The MROUND function is an Excel function that rounds a given number to the nearest specified multiple. For instance, if you need to round a number up or down to the nearest thousand, the MROUND function can do that easily. This function is helpful when you need to round up or down a number to a certain interval, such as dollars or cents.

Syntax of the MROUND Function

The syntax for the MROUND function is as follows:

=MROUND(number, multiple)

Here, “number” is the value you want to round, while “multiple” is the value to which you want to round up or down. The MROUND function takes this number and rounds it up or down to the closest multiple of the specified value.

How to Use the MROUND Function

Using the MROUND function is incredibly simple. Here is a step-by-step guide on how to perform the function:

Step 1:

Open your Excel spreadsheet and select the cell where you want to use the MROUND function.

Step 2:

Begin typing the MROUND function ( =MROUND).

Step 3:

Enter the number you want to round up or down to the nearest specified multiple. For example, if you want to round up the number 1357 to the nearest hundred, the formula will be =MROUND(1357, 100).

Step 4:

Enter the multiple to which you want to round the number. In this example, we want to round the number to the nearest hundred, so we enter 100.

Step 5:

Close the parentheses and press enter to display the rounded result.

The MROUND function will return the rounded number as calculated by the formula.

Conclusion

The MROUND function is a helpful Excel function that can help you easily round up or down a given number to a certain interval. It is especially useful when dealing with financial data. This article has provided you with everything you need to know about the MROUND function, including its syntax and how to use it. With this knowledge, you can start using this function to make data analysis easier and more accurate.