Forum Discussion
MS Excel 2013 Formula Assistance
Apparently you aren't as desperate as you sounded, since you've not responded to my questions. So the solution in the attached is only tentative, since I had to work with what you provided in the first instance.
In the attached, I've created four cells into which you can enter Age, Amount, No of Days, and Term. I've also applied those as names to the corresponding cells, so the formulas that follow refer to those range names rather than cell references.
I then have one formula that determines the "Rate" based on the table you provided.
That formula is the longest one, and here it is.
=IFS(Age<18,0,
AND(Age<=65,Amount<=500000),1,
AND(Age<=65,Amount>500000),0.6,
AND(Age<=70,Amount<=350000),3.5,
AND(Age<=70,Amount>350000),4.5,
AND(Age<=75,Amount<=350000),4.5,
AND(Age<=75,Amount>350000),5.5)
The final formula follows your direction and takes all of the info (ignoring "No of Days" because that seems to be irrelevant) as follows:
=(Amount/1000)*Rate*Term
If it's not what you expect, please come back with further clarification.