Suppose a person wants to apply for a loan in a bank. The bank gives loan on a fixed interest rate based on the balance the user have in the bank. Take the required loan (1000pkr – 10000pkr) and balance (1000 - 50000) from the user and calculate and print the interest rate according to the following condition. Draw flowchart of this program. (Formula for calculating interest rate is interest rate = loan * interest multiplier) • If balance is greater than or equal to 45000, value for interest multiplier is 0.5 • If balance is greater than or equal to 35000, value for interest multiplier is 0.7 • If balance is greater than or equal to 25000, value for interest multiplier is 0.9 • If balance is greater than or equal to 10000, value for interest multiplier is 1.2 if the balance is less than 10000,print"Your balance is not sufficient to apply for loan" Instruction: A C++ code file containing all required codes. Code should be separately enclosed in multi-line comment. Code should be well commented.
Suppose a person wants to apply for a loan in a bank. The bank gives loan on a fixed
interest rate based on the balance the user have in the bank. Take the required loan
(1000pkr – 10000pkr) and balance (1000 - 50000) from the user and calculate and print the
interest rate according to the following condition. Draw flowchart of this program.
(Formula for calculating interest rate is interest rate = loan * interest multiplier)
• If balance is greater than or equal to 45000, value for interest multiplier is 0.5
• If balance is greater than or equal to 35000, value for interest multiplier is 0.7
• If balance is greater than or equal to 25000, value for interest multiplier is 0.9
• If balance is greater than or equal to 10000, value for interest multiplier is 1.2
if the balance is less than 10000,print"Your balance is not sufficient to apply for loan"
Instruction:
A C++ code file containing all required codes. Code should be separately enclosed in multi-line comment. Code should be well commented.
A C++ code file containing all required codesn with all the required pseudo-codes,flowcharts and codes.
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