Many Condition with IF Function

Hi All

I want to create a formula which calculates the cell value based on another cells value.

For Eg :-

=IF(F2<=5000, (5000*0.01%), "", IF(F2>5000 BUT <=10000, (10000*.01%), "" ))

I want to calculate the value based on the F2 Cell. So, suppose if F2 Cell is less than 5000, then the answer should be 5000*0.01%.
If it is greater than 5000 but less than 10000, then 10000*0.01%.

The same thing goes on with multiples of 5000. [IF greater than 10000 but less than 15000, then 15000*0.01%, IF greater than 15000 but less than 20000, then 20000*0.01% .........]

If the figure in the cell F2 comes out as 50,000 or 1,00,000 then i will have to write many IF conditions
Is there any way by which i can calculate without writing so many IF's ?