Are you making the most out of Google Sheets? Well, today I am going to let you in on a little secret that will take your spreadsheet skills to the next level: the UNARY_PERCENT function. Trust me, this is a game-changer you don’t want to miss!
What is the UNARY_PERCENT Function?
The UNARY_PERCENT function in Google Sheets is a powerful tool that allows you to interpret a value as a percentage. It’s easy to use and can save you a lot of time and effort in your calculations.
Examples to Understand the UNARY_PERCENT Function
Let’s dive into a few examples to see how this function works in real-life scenarios.
Example 1: Percentage Payment Break-Up
Imagine you’re working on a construction project and you receive partial payments based on the completion of each job. To calculate your payment, you can include the UNARY_PERCENT function in your formula. Let me show you how.
Suppose you have the percentage value in cell D2 and the payment amount in cell B2. In cell E2, simply enter the formula =$B$2 * UNARY_PERCENT(D2). This will give you the desired payment based on the completion percentage.
Example 2: Percentage Change in Population
Now, let’s say you want to calculate the population in the US for the year 2017, given the population in 2016 and the yearly percentage change. You can use the UNARY_PERCENT function to simplify this calculation.
Assuming the population in 2016 is in cell A2 and the yearly percentage change is in cell B2, enter the formula =A2 * (UNARY_PERCENT(B2) + 1) in cell C2. This will give you the population in 2017.
Example 3: Financial Calculations
In financial calculations like home loans or investments, the UNARY_PERCENT function can come in handy. Let’s take the example of calculating the monthly EMI for a home loan.
If the loan amount is in cell B1, the tenure in years is in cell B2, and the interest rate per annum is in cell B3, simply enter the formula =PMT(UNARY_PERCENT(B3)/12, B2*12, B1) to get the monthly EMI. It’s that simple!
Start Maximizing Your Google Sheets Skills Today
So there you have it! The UNARY_PERCENT function is a powerful tool that can help you simplify your calculations and save you valuable time in Google Sheets. Start using it now and take your spreadsheet skills to the next level.
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