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namstech
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When using Excel to calculate it does not match the calculator. Excample:
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When using Excel to calculate it does not match the calculator.
Excample: In column C I put the formula A*B, where A is 39.906
and B is $1,603.00. Excel returns $68,968.55. On a calculator it
returns $63,969.31, hence a .76 diff. How do I correct excel to
calculate as a calculator?
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Expert:
namstech
replied 4 years ago.
Welcome to JustAnswer!
What is your version of Excel?
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Customer:
replied 4 years ago.
Office Excel 2010
Expert:
namstech
replied 4 years ago.
Please download
this
excel file.
I have placed A, B and result A*B in A1, B1 and C1 respectively. Do you see any difference with yours?
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Customer:
replied 4 years ago.
Yes, mine is different. Can I upload you the file?
ASSAY CONTENT RETURN PAYABLE SPOT AMOUNT
TROY Oz RATE TROY Oz PRICE
GOLD 64.02% 40.720 98.00% 39.91 1603.00 63968.55
SILV 0.00% 0.000 90.00% 0.000 $0.00 $0.00
PLAT 0.00% 0.000 85.00% 0.000 $0.00 $0.00
PALL 0.00% 0.000 85.00% 0.000 $0.00 $0.00
Expert:
namstech
replied 4 years ago.
It will be helpful if you can upload the file.
You can do that at www.wikisend.com and provide me with the download link.
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Customer:
replied 4 years ago.
http://wikisend.com/download/650654/NAETCH.xlsx
Expert:
namstech
replied 4 years ago.
The problem seems to be with the calculation that results in value in PAYABLE TROY OZ (39.906). Actually the value in cell CONTENT TROY OZ when expanded to 5 decimal places is 40.71992 and thus not exactly 49.720. This is turn results in calculation
40.71992 x 0.98 = 39.90552
which when multiplied with 1603 results in 63968.55 (You can use calculator to verify this calculation).
So the conclusion is that the results of calculator and Excel are not different. It is the result of intermediate calculations that affect the final result.
I hope this explanation helps
Thanks
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