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How to use Replace Function in Microsoft Excel. Hello everyone, Welcome to Excel 10 Tutorial. In this function explained video series I am going to explain how you can use replace function in Microsoft Excel. I am going to talk about the parameters and I am going to talk about how you can implement these perfectly whenever you need. Okay? letamp;#39;s get started. So, the best way I think to learn a function is to apply it and letamp;#39;s apply the replace function here in cell B2 and while I am applying this function Iamp;#39;m going to explain how the parameter works and how you can use it. Okay? So, Write Equal to R E and you can see here replace you can see the replace function works for amp;quot;replaces part of a text string with a different text string.amp;quot; Okay? So, this is the replace function and if I double click here it is asking for the first parameter which is the old text so there is a previous text or there is an existing text from where you are going