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# MIN Function in excel and how to use ?

## What is the MIN function?

The main function is categorised under Excel statistical functions. This function will return the minimum value in a given list of arguments or arrays. The main function is very useful in financial modelling to calculate debt schedules and depreciation schedules. It can be used as a worksheet function (WS) in Excel. The MIN function can be entered as a part of a formula in a cell of a worksheet.

## How does the MIN function work?

• Syntax:

MIN( number1, [number2, …… number_n])

• Parameters:
1. Number1 – IT can be a number, named range, array, or a reference number
2. Number2 – These are numeric values that can be numbers, named ranges, arrays, or references to numbers. This is an optional parameter.
• Returns:

The MIN function returns a numeric value

• Applies to:

Excel for Office 365, Excel 2019, Excel 2016, Excel 2013, Excel 2011 for Mac, Excel 2010, Excel 2007, Excel 2003, Excel XP, Excel 2000

Example

Let us calculate the lowest marks from the following data:

The formula used was:

The MIN function ignored the empty value and returned 25 as the result.