Difference between revisions of "Documentation/How Tos/Calc: DOLLARDE function"

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:  returns <tt>'''2.1875'''</tt> as a number. <tt>'''2'''</tt> + <tt>'''3/16'''</tt> equals <tt>'''2.1875'''</tt>.
 
:  returns <tt>'''2.1875'''</tt> as a number. <tt>'''2'''</tt> + <tt>'''3/16'''</tt> equals <tt>'''2.1875'''</tt>.
  
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[[Documentation/How_Tos/Calc: DOLLARFR function|'''DOLLARFR''']]
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[[Documentation/How_Tos/Calc: Financial functions|'''Financial functions''']]
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[[Documentation/How_Tos/Calc: Functions listed alphabetically|'''Functions listed alphabetically''']],
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Revision as of 13:44, 25 February 2009


DOLLARDE

Converts a fractional number representation of a number into a decimal number.

Syntax:

DOLLARDE(fractionalrep; denominator)

fractionalrep: the fractional representation. Sometimes a security price, for example, might be expressed as 2.03, meaning $2 and 3/16 of a dollar.
denominator: the denominator - for example, 16 in the example above.
DOLLARDE converts the fractional representation to decimal. Despite its name, it returns a number, not a currency. Its inverse is DOLLARFR.

Example:

DOLLARDE(2.03; 16)

returns 2.1875 as a number. 2 + 3/16 equals 2.1875.

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