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The FLOOR function

Rounds down to a multiple of a step.

In German Excel: UNTERGRENZE

How to write it

=FLOOR(number, significance)
number
The number to round.
significance
The step, like 15 for quarter hours.

๐Ÿ’ก The opposite of CEILING.

Try it

Time is billed in quarter hours, rounded down. How many minutes of 52 are billed?

A
B
1
Minutes
Billed
2
52

=FLOOR(A2, 15) rounds down to a multiple of 15.