The CAOC Insurance Company working on insurance of vehicles in Oman. They are currently providing insurance for two types of vehicle. Write a Python program for the company to calculate depreciation cost for a vehicle. Your program has to ask the user to input the vehicle type, life of vehicle in years and vehicle cost and calculates the depreciation cost according to the following table: - Life of Vehicle Rate of Vehicle Type In years 1s vehiclelife < 10 10 s vehiclelife < 15 15 s vehiclelife 1s vehiclelife < 8 8s vehiclelife < 12 12 < vehiclelife Depreciation 10% commercial 8% 5% 12% private 9% 6% The depreciation cost is calculated based on the following formula: Depreciation Cost = Vehicle Cost * Rate of Depreciation / Life of Vehicle The input/output of your program should look like the following: .: private : 5000 : 4 Enter Vehicle Type Enter Vehicle Cost . . Enter Life Vehicle(years). Depreciation Cost(OMR) . : 150.0 Run and test your program. Once done, submit the file named insurance.py at the link below.

The CAOC Insurance Company working on insurance of vehicles in Oman. They are currently providing insurance for two types of vehicle. Write a Python program for the company to calculate depreciation cost for a vehicle. Your program has to ask the user to input the vehicle type, life of vehicle in years and vehicle cost and calculates the depreciation cost according to the following table: - Life of Vehicle Rate of Vehicle Type In years 1s vehiclelife < 10 10 s vehiclelife < 15 15 s vehiclelife 1s vehiclelife < 8 8s vehiclelife < 12 12 < vehiclelife Depreciation 10% commercial 8% 5% 12% private 9% 6% The depreciation cost is calculated based on the following formula: Depreciation Cost = Vehicle Cost * Rate of Depreciation / Life of Vehicle The input/output of your program should look like the following: .: private : 5000 : 4 Enter Vehicle Type Enter Vehicle Cost . . Enter Life Vehicle(years). Depreciation Cost(OMR) . : 150.0 Run and test your program. Once done, submit the file named insurance.py at the link below.

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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