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Simple multiplication formula yielding inacurate results.

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    Simple multiplication formula yielding inacurate results.

    I am multiplyint an Hourly salary of $32.06 X 2080 (hours) to get the Annual Salary.
    the correct numbre should be $66,684.80 but Excell insists that it is $66,677.52 formula is =I2*H2

    What is causing the miscalculation? How can I fix it?
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    Forum Expert Crooza's Avatar
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    Re: Simple multiplication formula yielding inacurate results.

    Suggest that the hourly rate is actually $32.0565 and is rounding in the display to $32.06. If you've downloaded the data from your system it may be to several decimal places but your rounding to 2 dp won't change the calculation, it will still use the actual number in the cell, not the rounded number displayed

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    Forum Expert Tony Valko's Avatar
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    Re: Simple multiplication formula yielding inacurate results.

    I'm thinking that 32.06 is not the true value of the cell. That's just the DISPLAYED value.

    Is the number manually entered? Select the cell and look at the formula bar. What do you see?
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    Re: Simple multiplication formula yielding inacurate results.

    Ok... $35.0565 is the actual. hmm Ok yeah it is rounding up in one column but giving me the actual on the formula.
    I didn't see that it was rounding. Thank you very much!

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    Re: Simple multiplication formula yielding inacurate results.

    You're welcome. We appreciate the feedback!

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