Question

Denumination Calculations

Asked by: leoahmad

how can i use available functions for counting the currency notes required if value is given in a column
(i am an Oracle guy but today need this in Excel, never used excel though)
   
       G           H             I            J            K         L
    Value    1000's     500's     100's     50's     10's
4   3390         3              0            3         1          4
5   2900         2              1            4         0          0
6   2070         2              0            0         1          2

Thanks in advance

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Asked On
2009-01-31 at 05:45:49ID24101168
Topic

Microsoft Excel Spreadsheet Software

Participating Experts
2
Points
125
Comments
6

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Answers

 

by: matthewspatrickPosted on 2009-01-31 at 06:00:13ID: 23516767

Hello leoahmad,

1) You are aware that there are many, many ways to hit the amounts using different spreads of denominations,
right?  For example, 3390 can be hit by 339 "10s", and other combinations too numerous to list here.  Thus,
can we assume you want to use a constraint that you always use the combination that maximizes value from
the highest denominations?

2) Is this supposed to be US currency?  If so, please be aware that there are no denominations >$100 in
general circulation...

Regards,

Patrick

 

by: chris_bottomleyPosted on 2009-01-31 at 06:09:54ID: 23516809

Try the foollowing:

COlumn 1 is amount, column 2 uses 1 formula and the rest of the columns another formula.

Add a sum to col A and drag the formula down to see the result

Chris

 

by: leoahmadPosted on 2009-01-31 at 06:10:29ID: 23516810

Yes Mr. Patrick
you are true in both
1) I would require the maximum possibility as given in my examples.
2) It is not US Dollar, so i need 50's as well

 

by: leoahmadPosted on 2009-01-31 at 06:14:45ID: 23516822

thanks chris,
just a question
what is this dollar sign for when writing formula
=QUOTIENT($A2,B$1) <==

 

by: matthewspatrickPosted on 2009-01-31 at 06:15:15ID: 23516823

leoahmad,

This seems to work.

1) Enter the following in H3:O3...
1000      500      100      50      10      5      1      Check

2) Enter the following in G4:G6...
3390
2900
2070

3) Enter this formula in H4...
=INT(G4/H$3)

4) Enter this formula in I4...
=INT(MOD($G4,H$3)/I$3)
and copy that across through N4

5) Enter this formula in O4, to serve as our "check"...
=SUMPRODUCT(H$3:N$3,H4:N4)
(The value in O4 should equal that in G4)

6) Select H4:O4, and copy down through H6:O6

Regards,

Patrick

 

by: chris_bottomleyPosted on 2009-01-31 at 06:19:05ID: 23516836

The dollar sign locks the relevant row or column value so that when dragging formula the fixed data i.e. multipliers in row 1 stays as row 1 rather than incrementing as the formula is dragged.

Chris

20120131-EE-VQP-002

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