Adding Rounding to Insurance calculation w/ prorata values

OH650R

New Member
Joined
Aug 14, 2024
Messages
4
Office Version
  1. 365
Platform
  1. Windows
I have a base formula that calculates the beginning and expiration date including the effective date of the change (insurance related). It spits out a prorata figure simplified to 3 digits, but it's really however many decimals it takes to calc. I'm hoping to use the ROUND functiion inserted into the current formula to simplify it if possible to point (.000) decimal places. Just not sure how to incorporate. Thanks in advance! Formula is as follows: =IF(E20=0;1;IF(((D20-A20)/365)>1;1;(D20-A20)/365)). How can I take the result of the current formula to have a rounded 0.123 result?
 

Excel Facts

Format cells as date
Select range and press Ctrl+Shift+3 to format cells as date. (Shift 3 is the # sign which sort of looks like a small calendar).
Welcome to the Forum!

Try:
Excel Formula:
=IF(E20=0;1;MIN(1;ROUND((D20-A20)/365;3)))
 
Upvote 0
This is working fine for me:

Book1
ABCDEFGHI
19OldNew
201.2356435610.9719570.972
Sheet1
Cell Formulas
RangeFormula
H20H20=IF(E20=0,1,IF(((D20-A20)/365)>1,1,(D20-A20)/365))
I20I20=IF(E20=0,1,MIN(1,ROUND((D20-A20)/365, 3)))
 
Upvote 0
This is working fine for me:

Book1
ABCDEFGHI
19OldNew
201.2356435610.9719570.972
Sheet1
Cell Formulas
RangeFormula
H20H20=IF(E20=0,1,IF(((D20-A20)/365)>1,1,(D20-A20)/365))
I20I20=IF(E20=0,1,MIN(1,ROUND((D20-A20)/365, 3)))
I copied yours and it did work...thank you! I must have buggered up the other one when I was replacing : with ,
Cheers
 
Upvote 0

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