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In cell C15, enter a formula using an IF function to determine if you need a loan. Your available cash is located on the Data sheet in cell A3. If the price of the car is less than or equal to your available cash, display "no". If the price of the car is more than your available, cash, display "yes". Use absolute references where appropriate—you will be copying this formula across the row.

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MrRoyal

The IF function allows the user to make logical comparison among values.

The formula to enter in cell 15 is:  

[tex]\mathbf{=IF(\$A\$4 > \$A\$3, "yes", "no")}[/tex]

In Excel, the syntax of an IF function is:

[tex]\mathbf{ = IF ( logical_test , [value_if_true] , [value_if_false] ) }[/tex]

The representation in the above formula is as follows:

  • logical_test  are the values to be compared
  • [value_if_true] is the return value if the condition is true
  • [value_if_false] is the return value if the condition is false

The cells to compare are given as:  Cell A3 and Cell A4

Where cell A4 contains the car price

So, the IF function is:

[tex]\mathbf{=IF(A4 > A3, "yes", "no")}[/tex]

First, the formula checks if the value of A4 is exceeds A3.

  • If true, the function returns "yes"
  • Else, it returns "no"

To make use of the absolute cell referencing., we simply include the dollar sign between the cell names

Hence, the required formula is:

[tex]\mathbf{=IF(\$A\$4 > \$A\$3, "yes", "no")}[/tex]

Read more about IF functions at:

https://brainly.com/question/16026173

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