Logic for rate approximation

Posted by Rohan on Stack Overflow See other posts from Stack Overflow or by Rohan
Published on 2012-10-13T15:33:29Z Indexed on 2012/10/13 15:36 UTC
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I am looking for some logic to solve the below problem.

There are n transaction amounts : T1,T2,T3.. Tn.

Commission for these transactions are calculated using a rate table provided as below.

if amount between 0 and A1 -> rate is r1

if amount between A1 and A2 -> rate is r2

if amount between A2 and A1 -> rate is r3

...

...

if amount greater than An -> rate is r4

So if T1 < A1 then rate table returns r1 else if r1 < T1 < r2;it returns r2.

So,lets says the rate table results for T1,T2 and T3 are r1,r2 and r3 respectively.

Commission C = T1 * r1 + T2 * r2 + T3 * r3

e.g; if rate table is defined(rates are in %)

0 - 2500 -> 1

2501 - 5000 -> 2

5001 - 10000 -> 4

10000 or more-> 6

If T1 = 6000,T2 = 3000, T3 = 2000, then

C= 6000 * 0.04 + 3000* 0.02 + 2000 * 0.01 = 320

Now my problem is whether we can approximate the commission amount if instead of individual values of T1,T2 and T3 we are provided with T1+T2+T3 (T)

In the above example if T (11000) is applied to the rate tablewe would get 6% and which would result in a commision of 600.

Is there a way to approximate the commission value given T instead of individual values of T1,T2,T3?

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