Forum Discussion
Spreadsheet to calculate premium
I have a spreadsheet. On page one is the age bands for example 0-10, 11-20. 1-10 has a rate of .25 and 11-20 a rate of .26.
Page 1
Age Rate
0-10 .25
1-10 .26
On page 2 of my spreadsheet I have a column with age, a column with the benefit volume and the premium column. My premium column needs to be the result of the benefit volume * the rate on page 2 / 10. It would also need to be a maximum of 2000.
Page 2
Age Column Benefit Column St. Premium
5 713 Result
I would normally try and do nested If functions but was told a Vlookup or Xlookup would be the way to do this? I have tried but just dont seem to be able to get it to work
1 Reply
- Rajesh_SinhaIron Contributor
For better understanding, pleases share the WB with us