EXERCISE No. 2 Mary Jane would like to invest her money amounting 100,000 at the bank. Before investing her money, she would like to determine which type of account that she will chose. The amount of interest that her money earns depends on which type of account the money is in. The bank has 6 different types of accounts and they earn interest as follows: Account type Interest earned personal financial personal homeowner 1.5% 2.0% 2.5% personal gold small business big business gold business 3.0% 3.5% 4.0% Mary Jane as a programmer would like to make a program that computes automatically the interest earned of her money in each type of account. REQUIREMENTS: 1. Write the corresponding algorithm a. Narrative b. Pseudocode 2. Create the equivalent flowchart based on the algorithm of the given problem 3. Construct the program and record your screen display result

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter19: Probabilistic Dynamic Programming
Section19.4: Further Examples Of Probabilistic Dynamic Programming Formulations
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EXERCISE No. 2
Mary Jane would like to invest her money amounting 100,000 at the bank. Before investing her
money, she would like to determine which type of account that she will chose. The amount of interest
that her money earns depends on which type of account the money is in. The bank has 6 different
types of accounts and they earn interest as follows:
Account type
Interest earned
personal financial
1.5%
2.0%
2.5%
personal homeowner
personal gold
small business
big business
gold business
3.0%
3.5%
4.0%
Mary Jane as a programmer would like to make a program that computes automatically the
interest earned of her money in each type of account.
REQUIREMENTS:
1. Write the corresponding algorithm
a. Narrative
b. Pseudocode
2. Create the equivalent flowchart based on the algorithm of the given problem
3. Construct the program and record your screen display result
Transcribed Image Text:EXERCISE No. 2 Mary Jane would like to invest her money amounting 100,000 at the bank. Before investing her money, she would like to determine which type of account that she will chose. The amount of interest that her money earns depends on which type of account the money is in. The bank has 6 different types of accounts and they earn interest as follows: Account type Interest earned personal financial 1.5% 2.0% 2.5% personal homeowner personal gold small business big business gold business 3.0% 3.5% 4.0% Mary Jane as a programmer would like to make a program that computes automatically the interest earned of her money in each type of account. REQUIREMENTS: 1. Write the corresponding algorithm a. Narrative b. Pseudocode 2. Create the equivalent flowchart based on the algorithm of the given problem 3. Construct the program and record your screen display result
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