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Kdahle's avatar
Kdahle
Copper Contributor
Feb 12, 2021

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

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