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Need to calculate 10% or 20% on investment form depending on interest rate in col C

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    Need to calculate 10% or 20% on investment form depending on interest rate in col C

    I hope you can help me. I have attached the file I need help with. The way I have this sheet setup is to calculate a 20% fee off the interest earned column "D". Say you earned 6.5% on a beginning balance so the interest earned is in col "D". This works fine for a 20% fee but I need the fee to calculate a 10% fee if the interest in column "C" hit 4% or below and it also needs to be able to calculate a 20% fee if the interested earned is above 4%.

    I have not been able to figure out a formula to do this.

    Thanks,
    Attached Files Attached Files
    Last edited by hbasten; 05-25-2009 at 04:45 PM. Reason: Asked to edit title

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    Re: Need to calculate 10% or 20% on investment form depending on interest rate in col

    Can you use this formula in E9, copied down?

    =SUM(D9*IF(C9<=4%,10%,20%))
    Where there is a will there are many ways.

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    Re: Need to calculate 10% or 20% on investment form depending on interest rate in col

    Thank you, thank you, thank you. That worked perfectly.

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    Re: Need to calculate 10% or 20% on investment form depending on interest rate in col

    Actually, I went a little too fast and forgot to mention that you don't need to use the redundant Sum() function...

    just... =D9*IF(C9<=4%,10%,20%) would do.

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    Re: Need to calculate 10% or 20% on investment form depending on interest rate in col

    Works beautiful.

    Thank you again

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    Re: Need to calculate 10% or 20% on investment form depending on interest rate in col

    You are quite welcome,

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