Please Note: This article is written for users of the following Microsoft Excel versions: 97, 2000, 2002, and 2003. If you are using a later version (Excel 2007 or later), this tip may not work for you. For a version of this tip written specifically for later versions of Excel, click here: Displaying a Number as Years and Months.

Displaying a Number as Years and Months

by Allen Wyatt
(last updated November 25, 2015)

4

Robert has a formula that determines the payback period for certain investments. For instance, with $20,000 investment in energy-savings equipment and an annual energy savings of $3000, the simplistic payback period to recoup the investment is 6.6667 years. Robert wonders how he can make this payback period (6.6667) show as years and months instead of as a decimal number.

This can be done by simply multiplying the portion of the answer at the right of the decimal point by 12, which results in a number of months. Here is one way to get the desired result, assuming that the payback result is in cell A1:

=INT(A1) & " years / " & INT((A1-INT(A1))*12) & " months"

With the value 6.6667 in cell A1, the formula would return "6 years / 8 months".

ExcelTips is your source for cost-effective Microsoft Excel training. This tip (6960) applies to Microsoft Excel 97, 2000, 2002, and 2003. You can find a version of this tip for the ribbon interface of Excel (Excel 2007 and later) here: Displaying a Number as Years and Months.

Author Bio

Allen Wyatt

With more than 50 non-fiction books and numerous magazine articles to his credit, Allen Wyatt is an internationally recognized author. He  is president of Sharon Parq Associates, a computer and publishing services company. ...

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If you would like to add an image to your comment (not an avatar, but an image to help in making the point of your comment), include the characters [{fig}] in your comment text. You’ll be prompted to upload your image when you submit the comment. Images larger than 600px wide or 1000px tall will be reduced. Up to three images may be included in a comment. All images are subject to review. Commenting privileges may be curtailed if inappropriate images are posted.

What is eight more than 7?

2016-10-26 08:20:29

Carlos

Thank you very much :) Spared me some time from having to come with the solution myself.


2016-09-29 09:04:04

efren

Thank you for your tips, as compared to other sites yours are more concise and clear and easy as well.


2015-12-17 04:02:54

Wouter

Excellent tip to display a period of time in an easily readable format. Thanks!


2013-02-23 12:09:36

Juan

Very interesting tip to convert decimal to meaningful format number


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