Solved: Excel Formula

Status
This thread has been Locked and is not open to further replies. Please start a New Thread if you're having a similar issue. View our Welcome Guide to learn how to use this site.

pbrufladt

Thread Starter
Joined
Dec 1, 2011
Messages
3
I need an excel formula that calculates rental rates at $82 per day for the first 90, $61.50 per day for next 90 days, and $45.10 per day thereafter. I have an IF statement that will calculate the first 2 rates. I just don't know how to add the third.

Any help would be greatly appreciated.
 

Ent

Josiah
Retired Trusted Advisor
Joined
Apr 11, 2009
Messages
5,467
Could you please post the formula that you have already?
 

pbrufladt

Thread Starter
Joined
Dec 1, 2011
Messages
3
=IF(B15>90,7380+((B15-90)*61.5),B15*82) - This takes care of the first 2 parts of the equation. I just don't know how to do the third part.
 

Ent

Josiah
Retired Trusted Advisor
Joined
Apr 11, 2009
Messages
5,467
Well, you're almost there already. Use two if statements one inside the other. The first checks whether it is more than 180. If so it uses a similar equation to yours. If less than 180 it goes to your function to find out whether it's between 90 and 180.

=IF(B15>180,12915+((B15-180)*45.10),IF(B15>90,7380+((B15-90)*61.5),B15*82))
 

Ent

Josiah
Retired Trusted Advisor
Joined
Apr 11, 2009
Messages
5,467
You're quite welcome.
 
Status
This thread has been Locked and is not open to further replies. Please start a New Thread if you're having a similar issue. View our Welcome Guide to learn how to use this site.

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

As Seen On
As Seen On...

Welcome to Tech Support Guy!

Are you looking for the solution to your computer problem? Join our site today to ask your question. This site is completely free -- paid for by advertisers and donations.

If you're not already familiar with forums, watch our Welcome Guide to get started.

Join over 807,865 other people just like you!

Latest posts

Staff online

Top