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IF Formula|General Excel Questions & Answers|Excel Forum|My Online Training Hub

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sp_CrumbsHome HomeExcel ForumGeneral Excel Questions & Answe…IF Formula
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IF Formula
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Theo Peacock
England

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November 7, 2017 - 6:51 am
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I'm looking to generate quite a complicated school project and i'm not sure if the formula i want to create is possible. I need whatever number is in the account column to generate an income figure. i want to be able to change the account figure to show the effect on growth. If for example cell D6 is 10,000 then i need that taken from band 1 which is 10% growth so the income would be 10,000*10% whereas if cell D6 was 22,000 then that is in band 3 which is 20% growth so therefore i would want the 22,000*20% to show the income. 

If its possible i know what i mean but i can't implement it.

If D6 is >or= to 0 (I5) but <or=to 15,000 (I6) then D6 should be multiplied by 10% (H5)

If D6 is >or= to 15,000 (I6) but <or= to 20,000 (I7) then D6 should be multiplied by 15% (H6)

If D6 is >or= to 20,000 (I7) but <or= to 25,000 (I8) then D6 should be multiplied by 20% (H7)

If D6 is >or= to 25,000 (I8) but <or= to 30,000 (I9) then D6 should be multiplied by 25% (H8)

If D6 is >or= to 30,000 (I9) but <or= to 50,000 (I10) then D6 should be multiplied by 30% (H9)

If D6 is >or= to 50,000 (I10) but <or= to 60,000 (I11) then D6 should be multiplied by 35% (H10)

If D6 is >or= to 60,000 then D6 should be multiplied by 40,000 (H11)

 

Where D6 is used i would need to implement the formula for cell range D6:D12

 

Many Thanks

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Frans Visser
Duivendrecht (near Amsterdam) - The Netherlands

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November 7, 2017 - 7:22 am
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Hi Theo,

I'm not sure if I understand your question correct, because of two things in the file.

First I don't understand column C, or is that just an example for something else?

Second I don't understand column J. Because the numbers there don't seem to follow the ones in column I correctly.

If you just want to magnify with a certain percentage depending on the amount in the cell D6, as described in your text then you can use a Vlookup but you have to switch  columns H and I for that. I'll come back with an example, although not sure if this is what you want.

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Frans Visser
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November 7, 2017 - 7:29 am
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Here an example.

It's not working for values below 15.000, but don't know if you need that? Otherwise the table must be adjusted.

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Catalin Bombea
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November 7, 2017 - 7:38 pm
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Hi Theo,

A simple index-match combination should work:

=D6*(1+INDEX({0.1,0.15,0.2,0.25,0.3,0.35,0.4},MATCH(D6,{0,15000,20000,25000,30000,50000,60000},1)))

In this formula, the constants are hard typed into the formula, but you can place them in a lookup table if you want. The table needs to be sorted smallest to largest, and the formula will be referencing that table:

=D6*(1+INDEX(LookupTable[Percent],MATCH(D6,LookupTable[Value],1)))

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