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Hi Han222,
Greetings! Thank you for posting to Microsoft Community.
I added ,"" in your formula as circled below, feel free to share any update.
=IF(G7=0.96,"2%",IF(G7=0.97,"4%",IF(G7=0.98,"6%",IF(G7=0.99,"8%",IF(G7=1,"10%",IF(G7>1.05,"12%",""))))))
You can also use ifs formula like this.
=ifs(G7=0.96,"2%",G7=0.97,"4%",G7=0.98,"6%",G7=0.99,"8%"G7=1,"10%",G7>1.05,"12%")
Best Regards,
Snow Lu