Write a Formula

How do I write a formula for penalty on past due accounts with great than or
equal to 1000 but less than 5000, apply a penalty of $100.
For accounts with a past due balance of 5000 or more, apply a penalty of 200.
For accounts with a ttl past due balance of less than 1000, no penalty?

Let A1 hold the past due amount
=IF(A15000,200, IF(A1=1000,100,0))

OR
=(A1=1000)*100 + (A15000)*100

best wishes
--
Bernard Liengme
Microsoft Excel MVP
people.stfx.ca/bliengme
email address: remove uppercase characters


"Esperanza" wrote in message
...
How do I write a formula for penalty on past due accounts with great than
or
equal to 1000 but less than 5000, apply a penalty of $100.
For accounts with a past due balance of 5000 or more, apply a penalty of
200.
For accounts with a ttl past due balance of less than 1000, no penalty?

"Esperanza" wrote:
How do I write a formula for penalty on past due
accounts with great than or equal to 1000 but less
than 5000, apply a penalty of $100. For accounts
with a past due balance of 5000 or more, apply a
penalty of 200. For accounts with a ttl past due
balance of less than 1000, no penalty?

If the account balance is in A1:

=lookup(A1, {0,1000,5000},{0,100,200})