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Write the command to calculate the State Life Insurance (SLI) Premium of an Employee using the ‘IF’ function. 

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Write the command to calculate the State Life Insurance (SLI) Premium of an Employee using the ‘IF’ function. 

The condition is:- SLI Premium Rs. 250 for basic pay below Rs. 10,000/- for others Rs.500/- (Hint: Basic pay (BP) is given the cell B3)

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IF (B3 < 10000, 250, 500)

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