Microsoft Excel 2021365 - Beginner to Advanced - Rounding Values Using ROUND, ROUNDUP, and ROUNDDOWN

The video tutorial covers the use of rounding functions such as round, round up, and round down, emphasizing their importance in financial calculations. It explains how to use these functions to ensure accuracy in monetary values, particularly when dealing with sales tax and large quantities. The tutorial also demonstrates the use of the ROUND function to adjust decimal places and discusses advanced techniques using ROUNDUP and ROUNDDOWN for specific rounding needs. Additionally, it shows how to round salaries with bonuses to the nearest dollar using these functions.

Which of the following functions is NOT mentioned as a rounding function in the video?

• ROUNDDOWN

• ROUNDUP

• ROUND

• ROUNDHALF

What is the main reason for getting an unexpected result in the price calculation?

• Incorrect formula

• Rounding errors

• Wrong tax rate

• Displaying only two decimal places

What does the ROUND function primarily help with in financial calculations?

• Calculating tax rates

• Increasing the number of decimal places

• Rounding to an even number of pennies

• Converting currency

How can you round a number to the nearest dollar using the ROUND function?

• Set the number of digits to 2

• Set the number of digits to 0

• Set the number of digits to 1

• Set the number of digits to -1

Which function would you use to always round a number up to the next penny?

• ROUNDUP

• ROUNDDOWN

• ROUND

• CEIL

What is the effect of using a negative digit in the ROUNDUP function?

• Rounds to the nearest thousand

• Rounds to the nearest ten or hundred

• Rounds to the nearest dollar

• Rounds to the nearest penny

In the context of the video, what is the purpose of using the ROUNDDOWN function?

• To calculate tax rates

• To increase the number of decimal places

• To round numbers down to the nearest penny

• To round numbers to the nearest dollar