This script will do the same (plus a little bit more).
Code
function myInterpolation(x, y, value) {
if(value > Math.max.apply(Math, x) || value < Math.min.apply(Math, x)) {
throw "value can't be interpolated !!";
return;
}
var check = 0, index;
for(var i = 0, iLen = x.length; i < iLen; i++) {
if(x[i][0] == value) {
return y[i][0];
} else {
if(x[i][0] < value && ((x[i][0] - check) < (value - check))) {
check = x[i][0];
index = i;
}
}
}
var xValue, yValue, xDiff, yDiff, xInt;
yValue = y[index][0];
xDiff = x[index+1][0] - check;
yDiff = y[index+1][0] - yValue;
xInt = value - check;
return (xInt * (yDiff / xDiff)) + yValue;
}
Explained
In the beginning of the script, there's a small error handling. After that it will find the first lowest entry compared to the input value. Once found, it will does some math and present the result.
Note
If the selected value equals 20, the script returns 150 as where the formula yields #DIV/0
.
Screenshot

Formula
Use the following formula to take in account all values
=IF(
ISNA(
MATCH(C2,A2:A7,0)),
FORECAST(
$C$2,
OFFSET(B$2,MATCH($C$2,A$2:A$7,1)-1,0,2,1),
OFFSET(A$2,MATCH($C$2,A$2:A$7,1)-1,0,2,1)),
INDEX(
B2:B7,
MATCH(C2,A2:A7,0)
,0)
)
copy / paste
=IF(ISNA(MATCH(C2, A2:A7, 0)), FORECAST($C$2,OFFSET(B$2,MATCH($C$2,A$2:A$7,1)-1,0,2,1),OFFSET(A$2,MATCH($C$2,A$2:A$7,1)-1,0,2,1)), INDEX(B2:B7, MATCH(C2, A2:A7, 0), 0))
Example
Add the script under Tools>Script editor and press the save button (no authentication needed).
I've created an example file for you: How to interpolate data in a range in Google Sheets