AmlaniBank is a small boutique bank based out of Vancouver, BC that receives thousands of credit card applications each year. It has had tremendous success by extending credit only to customers whose current account balances exceed the amount of credit card debt that they have at the time of their application. AmlaniBank managers want to use Excel to determine whether they should "accept" or reject" each application. Using the information below, what is the correct formula that should be entered in cell D2? Note: the word displayed must either be accept or reject.

Question

BlackTom AI · Accepted Answer

We need to determine whether a given credit card applicant should be accepted based on two values: - B (Current Account Balance): the amount the customer has in their account - C (Current Credit Card Debt): the debt from the credit card The bank’s rule is: accept if the current account balance exceeds the credit card debt, i.e., Balance > Debt. Option 1: =IF(C2 C2, this expression correctly implements the rule. Option 2: =IF(B2>C2,"accept","reject") - This directly tests whether the balance (B2) is greater than the debt (C2). If true, it returns "accept"; otherwise it returns "reject". This is a straightforward, readable implementation of the same rule. Why they both work: - They are logically equivalent because the inequality B2 > C2 is the same condition as C2 < B2. In either case, when the balance exceeds the debt, the formula yields "accept"; otherwise, it yields "reject". Potential pitfalls: - If the cell references were swapped (e.g., C2>B2), the logic would be reversed and would incorrectly mark some applicants as accepted when their debt exceeds their balance. Always ensure the left-hand side of the comparison represents the balance and the right-hand side represents the debt. - Ensure the output text uses exactly accept and reject with the same capitalization as required; the quotes in the IF function should match the desired display text. In summary, both provided formulas correctly implement the decision rule, since they express the same condition in slightly different syntaxes.

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