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Excel formulas Premium Age of Client (% of car value) Under 25 10% Over 25 5%

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To totally exclude age 25, =if(age of client <25,10%,if(age of client>25,5%,0))

to include 25 under 10% premium, =if(age of client <=25,10%,5%)

to include 25 under 5% premium, =if(age of client <25,10%,5%)

Posted on Nov 17, 2008

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Here is your formula

=IF(A1 < 25,10/100 * B1, 5/100 * B1)

A1 is the Age of client
B1 is the car value


Posted on Oct 27, 2008

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