Enter a formula in cell C2 to calculate next year's salary increase by multiplying the previous year's salary (cell B2) times the Cost of Living Adjustment (cell named COLA). Use the cell name in the formula.
Question
Enter a formula in cell C2 to calculate next year's salary increase by multiplying the previous year's salary (cell B2) times the Cost of Living Adjustment (cell named COLA). Use the cell name in the formula.
Solution
Sure, here is the step by step process:
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Click on cell C2 to make it active. This is where you want the result of your formula to appear.
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Type the equals sign (=) to begin the formula.
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Click on cell B2 to select it. This cell contains the previous year's salary.
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Type the multiplication sign (*).
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Type "COLA" to reference the cell named COLA. This cell contains the Cost of Living Adjustment.
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Press Enter to complete the formula.
The final formula should look like this: =B2*COLA
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