Question: VLOOKUP EXAMPLE The table to the right below is the current interest rate that a bank charges for loans of varying amounts Aloan for, say

 VLOOKUP EXAMPLE The table to the right below is the current

VLOOKUP EXAMPLE The table to the right below is the current interest rate that a bank charges for loans of varying amounts Aloan for, say $4800 would be charged 4.75% interest. Loans exceeding $20,000 would be charged 2.5% interest. Please enter the VLOOKUP formula in Cell C8 to find the rate that would be charged for an $18541 loan. Then copy Cell C8 down the yellow cells to calculate the rates that would be charged for the other loan amounts. Interest Rate Loan $ 18,541.00 $ 4,884.00 $ 25,903.00 $ 8,164.00 $ 27,499.00 $ 350.00 $ 13,064.00 $ 9,676.00 $ 11,404.00 $ 13,341.00 $ 4,181.00 $ 6,609.00 $ 13,336.00 $ 6,630.00 "Interest Rate Key" Loan Bank Amount Interest Rate $ 100.00 5.00% $ 500.00 4.75% $ 1,000.00 4.50% $ 2,000.00 4.00% $ 5,000.00 3.50% $ 10,000.00 3.25% $ 15,000.00 3.00% $ 20,000.00 2.50%

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