Hi Trevor
With your amount in A1, try
=MIN(1.5,MAX(0.5,A1*2.9%))

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Regards
Roger Govier

"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