Pension Calculation Formula Required

Robin1957

New Member
Joined
Jun 11, 2013
Messages
4
This problem has almost got me in tears!

I need to find a formula to work out the answer to the following:


Reckonable Service - 10 years 337 Days by Pensionable Salary - £18967.44 by

1/80th

i have spent weeks on this trawled the Www bought books and I am now going mental.
M

PLEASE CAN ANYONE HELP ME TO FIND THE FORMULA?
 

Excel Facts

Ambidextrous Undo
Undo last command with Ctrl+Z or Alt+Backspace. If you use the Undo icon in the QAT, open the drop-down arrow to undo up to 100 steps.
Can you give an example of what the input and the results should be?
 
Upvote 0
Does this sound too simplistic ??
337/365= 0.923 + 10 = (10.923 *18967.44)/80= 2589.835
I image any specific pension would also other criteria for calculation !!
 
Upvote 0
337 Days , as fraction of year = 337/365 = .923 Years, Plus 10 Years = 10.923 Years ??
 
Upvote 0

Forum statistics

Threads
1,214,591
Messages
6,120,427
Members
448,961
Latest member
nzskater

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Back
Top