Function Type:
Date and Time
Description:
YEARFRAC function in Excel or Google Sheets returns the year fraction representing the number of whole days between start_date and end_date.
Function Structure:
=YEARFRAC (start_date , end_date , [basis] )
Argument Breakdown:
start_date - The date from which to start.
end_date - The date from which to end.
[basis] - The type of day count basis to use.
These are the options for [basis] argument and how it look like mathematically.
0 - US (NASD) 30/360
1 - Actual/actual
2 - Actual/360
3 - Actual/365
4 - European 30/360
Start and End Dates can be interchangeable.
Example:
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