What is DOLLARFR function in Excel?
DOLLARFR function is one of the Financial functions in Microsoft Excel that uses the DOLLARFR to convert decimal numbers to fractional dollar numbers, such as securities prices.
Syntax of DOLLARFR function
The DOLLARFR function syntax has the following arguments:
- Decimal_dollar: A decimal number.
- Fraction: The integer to use in the denominator of a fraction.
DOLLARFR formula explanation
- If fraction is not an integer, it is truncated.
- If fraction is less than 0, DOLLARFR returns the #NUM! error value.
- If fraction is 0, DOLLARFR returns the #DIV/0! error value.
Example of DOLLARFR function
Steps to follow:
1. Open a new Excel worksheet.
2. Copy data in the following table below and paste it in cell A1
Note: For formulas to show results, select them, press F2 key on your keyboard and then press Enter.
You can adjust the column widths to see all the data, if need be.
|=DOLLARFR(1.125,16)||Converts the decimal number 1.125 to a number read as 1 and 2/16.||1.02|
|=DOLLARFR(1.125,32)||Converts the decimal number 1.125 to a number read as 1 and 4/32.||1.04|