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Default IF, THEN HELP

I have a rate chart which covers different values, such as:

If the rate is between 32.00 and 33.99 then the cost is multiplied by
38% (1.38).
If the rate is between 34.00 and 35.99 then the cost is multiplied by
37% (1.37)

I want excel to automatically give me the resulting figure when I put
in the rate, so that when it sees $32.23, it knows to multiply by 1.38
and automatically give me the resulting value of 44.32.

Anyone out there that can help, I appreciate it.
 
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