How to Use AVERAGEIF in Excel Excel's AVERAGEIF function allows you to calculate the mean of a dataset that has been filtered based on a single condition you set.

Formulas are powerful tools for performing calculations and analyzing data in Excel. In this beginner’s guide, you’ll learn how to use formulas and explore some popular built-in functions.

Earlier, we had seen how the RATE function can be used to calculate the return on investments, whether lump-sum or periodic. This can come in handy in the calculation of SIP returns, too.