Answer:
=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)
Explanation:
The formula to be placed in cell C8 is provided below :
=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)
The cell will calculate the bonus according to the given data, the given data is placed in the cell using IF formula. The formula starts with = and then writing IF then applying all the terms.