In this example, Excel rounds the original value up to the next 15-minute increment. You can also replace "CEILING" with "FLOOR" in this formula to round the minutes down to the nearest 15-minute ...

What Is an Example of a Formula in Excel?. Not only does Excel keep information organized in spreadsheets, it can also save you from manually typing data for each cell separately.

Excel has over 475 formulas in its Functions Library, but we've selected the most popular, from date and time functions to mathematics and simple data manipulation.