There are a few different ways that you can dissect a string in Excel. One way is to use the LEFT, RIGHT, and MID functions. Another way is to use the FIND and SUBSTITUTE functions. And yet another way is to use the REPLACE function. Let's take a look at each of these methods in more detail.
Using the LEFT, RIGHT, and MID Functions
The LEFT, RIGHT, and MID functions are very similar. The only difference is that the LEFT function starts from the left side of the string, the RIGHT
Method 1.: Replace text by position using REPLACE function.
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Example 1.: Replace 2nd word with another text.
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Formula = : =REPLACE(A1,FIND(" ",A1)+1,FIND(" ",A1,FIND(" ",A1)+1)-FIND(" ",A1)-1,"New")).
>Result = "I want to replace this text." " " " " " " " " " " "<!--[if !supportLineBreakNewLine]--> <!--[endif]-->;".
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