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How to write a Formula

Sir,

 Please help me to write a formula for the Below:

 

Basic Pay: 25000

Rent allowance: 30% of Basic Pay subject to Maximum of 5000

 

Now how to write a formula in a cell to find out Rent allowance

 

My Email ID: [email protected]

 

Thanking You.

 

Yours faithfully,

 

Jayakumar, India

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Suppose your Basic Amount is in cell A5 then write a formula in B5 - If(A5*0.3>5000,5000,A5*.03) and copy this formula to all cells in coloumn B .

Posted on Oct 12, 2007

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Posted on Jan 02, 2017

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