Excel EXP Function is a mathematical function used to calculate the value of ‘e’ raised to a given power. This function is helpful in various applications where exponential growth or decay is involved, such as finance, science, and engineering. In simpler terms, it helps you find the result of raising the mathematical constant ‘e’ to a specific exponent.
Syntax
EXP(number)
Arguments
| number | The exponent to which you want to raise ‘e’. This can be a positive or negative number, and it represents the power to which ‘e’ is raised. |
How to use
You can use the Excel EXP Function in your spreadsheet to calculate exponential values. Here are some examples to illustrate its usage:
|
1 |
=EXP(2) |
This formula will return the value of ‘e’ raised to the power of 2, which is approximately 7.389.
|
1 |
=EXP(-1) |
Here, ‘e’ is raised to the power of -1, resulting in approximately 0.368.
|
1 |
=EXP(0) |
When you use an exponent of 0, the result is 1 since any number raised to the power of 0 equals 1.
Excel’s EXP Function is particularly useful for modeling continuous growth, decay, or compounding interest. It allows you to easily calculate exponential values without the need for complex manual calculations.