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Increase with condition
Want to increase Interest rate of 10% by 1% every year till it reaches 15%
and therafter it remains constant over a period of 10 years |
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#2
Posted to microsoft.public.excel.worksheet.functions
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Increase with condition
=IF(A1+0.01*B1<=0.15,A1+0.01*B1,0.15)
where A1 contains the original Interest rate of 10% B1 contains the actual number of years Regards, Stefi €˛Nitin gupta€¯ ezt Ć*rta: Want to increase Interest rate of 10% by 1% every year till it reaches 15% and therafter it remains constant over a period of 10 years |
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