MOD function

 

Introduction

The MOD function is categorized under Excel Math and Trigonometry functions. The function helps find a remainder after a number (dividend) is divided by another number (divisor). As a financial analyst, the function is useful when we need to process every nth value. For example, if our data comprises several columns of numbers, we can use MOD to sum every nth column. The Excel MOD function returns the remainder of two numbers after division. For example, MOD(10,3) = 1. The result of MOD carries the same sign as the divisor.


Purpose

Get the remainder from division

Return value

The remainder

Syntax

=MOD (number, divisor)

Arguments

·  number - The number to be divided.

·  divisor - The number to divide with.

Usage notes

Use the MOD function to get a reminder after division. For Example, MOD (3,2) returns 1, because 2 goes into 3 once, with a remainder of 1. Examples, Here are a few examples of the MOD function with hardcoded values:

=MOD(12,3) // returns 0

=MOD(12,5) // returns 2

=MOD(100,33) // returns 1

=MOD(6.25,1) // returns 0.25

Alternative formula

With very large numbers, you may see the MOD function return a #NUM error. In that case, you can try an alternative version based on the INT function:

=number-(INT(number/divisor)*divisor)

Notes

·         MOD is often seen in formulas that deal with "every nth " value

·         MOD is useful for extracting the time from a date

·         MOD always returns a result in the same sign as the divisor.

·         MOD will return a #DIV/0! error if the divisor is zero

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