In Excel, you can combine IF with AND functions to return a value based on two different numbers. It can be very useful when performing financial modeling and when you are creating conditional situations. In this article, learn how to build an IF statement between two numbers so you can easily answer the problem you’re trying to solve.
For example, if you are looking for a formula that will go into cell B2 and, if the number is between 100 and 999, then the result will be 100. Otherwise, if it is outside that range, then the result will be zero.
You don’t have to limit the resulting output from the model to only numbers. You can also use text, as shown in the example below. This time, instead of producing 100 or 0 as the result, Excel can display YES or NO to show if the argument is true or false.
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Thank you for reading this guide to understanding how to use the IF function with the AND function in Excel to know if a number is between two other numbers. To keep learning and developing your career as a financial analyst, these additional CFI resources will help you on your way: