calculating different percentages depending on amount
pgruening wrote:
I'd appreciate help with a formula
I need a formula to calculate the following
4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on any
amount above $41,100.
ie $20,000 would be (20,000 x .045) $900.00
ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50
Thanks Peter
Hi Peter,
Looks like
=min(amount,41100)*0.045 + (max(amount-41100,0))*0.060
@+
FxM
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