The MROUND function in Excel is a powerful tool that allows users to round numbers to the nearest specified multiple. This function is particularly useful when dealing with financial figures, measurements, or any numerical data where rounding to a certain increment is required. Utilizing MROUND can enhance data accuracy and presentation, making it an essential function for many users.

Syntax

MROUND(number, multiple)  
  
number: The value you want to round.
  
multiple: The multiple to which you want to round the number.
  

Example #1

MROUND(7, 2)  

This function rounds the number 7 to the nearest multiple of 2, resulting in 8.

Example #2

MROUND(13, 5)  

Here, 13 is rounded to the nearest multiple of 5, giving a result of 15.

Example #3

MROUND(23, 10)  

In this case, the function rounds 23 to the nearest multiple of 10, producing a result of 20.

Error handling

• NUM!: This error occurs when the multiple is zero or when it’s not a valid number. Ensure that the multiple is a non-zero number to avoid this issue.
• VALUE!: This error indicates that the number or multiple is not a numeric value. Verify that both parameters you are using are valid numbers.

Conclusion

In summary, the MROUND function is an invaluable asset for anyone working with numerical data in Excel. By allowing for rounding to specific multiples, it enhances precision in calculations and data representation. Users can effortlessly apply this function across a range of scenarios, making it a must-know for effective data analysis.