Try this:

=IF(A1<=16.95,0.5,ROUND(MIN(A1*0.0295,1.5),2))

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Biff
Microsoft Excel MVP


"Trevor Bloomer" wrote in message
...
There is a charge of £55.75, to which a handling fee of 2.95% is to be
added. But, the handling fee is also capped at £0.50 minimum and £1.50
maximum.
Any help as to the correct formula for calculating the fee will be much
appreciated - I am stumped.
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Kind regards,

Trevor Bloomer