Fourmula for calculation of End of service

I Need calculation of End of service ("L" Column). You may refer the attached sheet to better understand my query.
Example: employee number A-1 service is 9.5 years with salary of  5,900. then he will get first five year half salary (5*(5900)/2) and remaining years he will get one salary (4.5*5900)
Payroll-formula---Copy.xlsx
Ashraf NomanAsked:
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als315Commented:
Without optimization:
=(YEARFRAC(D7,"31 jan 2018")-IF(YEARFRAC(D7,"31 jan 2018")>5,YEARFRAC(D7,"31 jan 2018")-5,0))*K7/2+IF(YEARFRAC(D7,"31 jan 2018")>0,K7*IF(YEARFRAC(D7,"31 jan 2018")>5,YEARFRAC(D7,"31 jan 2018")-5,0),0)

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ShumsExcel & VBA ExpertCommented:
Hi Ashraf,

Please try below formula in L7 and drag down:
=IF(P7>5,((K7/2)*5+(P7-5)*K7),((K7/2)*P7))

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In attached I have above formula in Col N.
Ashraf_Payroll-formula---Copy.xlsx
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Ashraf NomanAuthor Commented:
Thanks all.....  
@ als315...  your formula meet my requirement in a great  way.
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als315Commented:
You are welcome. Do not forget to close question
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ShumsExcel & VBA ExpertCommented:
No comment has been added to this question in more than 14 days, and OP confirmed provided solution.
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