A bank offers different yearly interest rates to its customers based on the size of the deposit
Question:
A bank offers different yearly interest rates to its customers based on the size of the deposit in the following way:
- For deposits up to 1,000, the interest rate is 5.5%
- For deposits from 1,000 and up to 10,000, the interest rate is 6.3%
- For deposits from 10,000 and up to 100,000, the interest rate is 7.3%
- For all other deposits the interest rate is 7.8%
Implement the function Interest(Deposit) in VBA. Note that you can use the Block If structure.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
VBA Financial Modelling Executing in place the Depositspecific Interest function Select the interest rate based on the deposit amount using conditiona...View the full answer
Answered By
Gitanjali Singh
I'm a detail-oriented Economists and Accountant with three year effectively maintaining accurate accounting information for large and small-scale financial organizations. History working as part of financial team to manage diverse financial functions, tax management and reporting.
In my experience, tutoring tends to be more goal oriented and standardized where I'm leading lessons and reviewing materials with a focus on helping the student to pass the test. Hence I love tutoring and I get a sense of achievement from seeing my students grow and develop as individuals.
0 Reviews
10+ Question Solved
Related Book For 
Question Posted:
