YEARFRAC function

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Function Type:

Date and Time

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Description:

YEARFRAC function in Excel or Google Sheets returns the year fraction representing the number of whole days between start_date and end_date.

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Function Structure:

=YEARFRAC (start_date , end_date , [basis] )

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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.

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Example:

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