Workers at a particular company have won a 7.6% pay increase retroactive for 6 months. Write a
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- When you borrow money to buy a house, a car, or for some other purpose, you repay the loan by making periodic payments over a certain period of time. Of course, the lending company will charge interest on the loan. Every periodic payment consists of the interest on the loan and the payment toward the principal amount. To be specific, suppose that you borrow $1,000 at an interest rate of 7.2% per year and the payments are monthly. Suppose that your monthly payment is $25. Now, the interest is 7.2% per year and the payments are monthly, so the interest rate per month is 7.2/12 = 0.6%. The first months interest on $1,000 is 1000 0.006 = 6. Because the payment is $25 and the interest for the first month is $6, the payment toward the principal amount is 25 6 = 19. This means after making the first payment, the loan amount is 1,000 19 = 981. For the second payment, the interest is calculated on $981. So the interest for the second month is 981 0.006 = 5.886, that is, approximately $5.89. This implies that the payment toward the principal is 25 5.89 = 19.11 and the remaining balance after the second payment is 981 19.11 = 961.89. This process is repeated until the loan is paid. Write a program that accepts as input the loan amount, the interest rate per year, and the monthly payment. (Enter the interest rate as a percentage. For example, if the interest rate is 7.2% per year, then enter 7.2.) The program then outputs the number of months it would take to repay the loan. (Note that if the monthly payment is less than the first months interest, then after each payment, the loan amount will increase. In this case, the program must warn the borrower that the monthly payment is too low, and with this monthly payment, the loan amount could not be repaid.)arrow_forwardPlease solve this. ASAP Thank you very much.arrow_forwarduse visual basic Depreciation to a Salvage Value of 0 . For tax purposes an item may be depreciated over a period of several years, n . With the straight-line method of depreciation , each year the item dpreciates by 1/nth of it original value. with the double-declining-balance method of depreciation, each year the item depreciate by 2/nths of its value at the beginning of that year.(In the final year it is depreciated by its value at the beginning of the year. ) Write a program that performs the following tasks:(a) Request a description of the item, the year of purchase, the cost of the item, the number of years to be depreciated (estimated life), and the method of depreciation. The method of depreciation should be chosen by clicking on one of two buttons.(b) Display a year- by-year description of the depreciation. See Fig. 6.15 .arrow_forward
- Write a program for the HR department to define promotion strategy for every employee. The minimum salary allowed is 3,000. The maximum salary allowed is 100,000 AED. The salary increases by 10% for every 2 years for the first 6 years, and increase by 5% for every 2 years for after the first 6 years. The salary cannot exceed 100,000 AED or the double of the original salary. The program must ask the user to enter the salary and the number of years. The program then prints list of the salary increment per year.arrow_forwardProblem: An online grocery store sells items on a web page. A user adds items to a basket and he clicks on the submit button when he completes. The store sells food and electronic items. The electronic items require VAT payment of 15 percentage of their prices. There are packed and lose food. The lose food is measured in weights. User specifies the weight amount or the quantity in his selection of items depending on its type. The price is computed as the product of the price per item or the price per weight and the weight or quantity are given by the user. Write an application that reads a user basket list and produces the bill receipt. Check the given samples of input/output in the figures below. The bill receipt contains the list of item details in decreasing order according to the price computed for each item. Use the selection sort' to sort the items in the list and do not use java given sort method. Selection sort is an algorithm used to arrange elements in a list. It selects the…arrow_forwardA parking garage charges a $2.00 minimum fee to park for up to three hours and an additional $1 per hour for each hour or part thereof over four hours. The maximum charge for any given 24-hour period is $10.00. Assume that no car parks for longer than 24 hours at a time. Write a program that will calculate and print the parking charges for each of three customers who parked their cars in this garage yesterday. You should enter the hours parked for each customer. Your program should print the results in a neat tabular format, and should calculate and print the total of yesterday's receipts. The program should use the function calculate Charges to determine the charge for each customer.arrow_forward
- Write a program that computes and displays the charges for a patient’s hospital stay. First, the program should ask if the patient was admitted as an in-patient or an out-patient. If the patient was an in-patient the following data should be entered: • The number of days spent in the hospital• The daily rate• Charges for hospital services (lab tests, etc.)• Hospital medication charges.If the patient was an out-patient the following data should be entered:• Charges for hospital services (lab tests, etc.)• Hospital medication charges.Use a single, separate function to validate that no input is less than zero. If it is, it should be re-entered before being returned.Once the required data has been input and validated, the program should use two overloaded functions to calculate the total charges. One of the functions should accept arguments for the in-patient data, while the other function accepts arguments for out- patient data. Both functions should return the total charges.arrow_forwardIn your favorite open world adventure video game, currency conversion is as given below: 1 Gold coin 23 Bolts 1 Gem 13 Gold coins Write a program that takes a number of Bolts as user input (as an integer) and converts it to the number of whole Gems, Gold coins, and Bolts as shown below. The conversion information between these measurement metrics is provided in the table above. The number of Bolts should be converted in such a way that maximizes the whole number of Gems and Gold coins. Expected output 1 (bold is user input) Enter the number of Bolts: 32 0 Gems(s) 1 Gold coin(s) 9 Bolt(s) Expected output 2 (bold is user input) Enter the number of Bolts: 3000 10 Gem(s) 0 Gold coin(s) 10 Bolt(s) The file should be named as convertCurrency.cpp. Don’t forget to head over to Coderunner on Canvas and paste your solution in the answer box!arrow_forwardUse your previous working Java program as a starting point (Project 3). Create another function that determines whether the customer should receive a discount. Assume your food truck gives a 10% discount on orders over $50 (the total BEFORE tax). If the order is eligible for a discount, then calculate and display the discount. If the order does not get a discount, then still display the discount, but it should be 0. Include a line before this that tells every customer that your business gives a 10% discount on all orders over $50 so they understand this part of their receipt. You will also create two classes, one for existing project two called foodTrack and another class called foodDiscount that extends foodTrack. This is project 3: //initialize program import java.util.Scanner; public class Main { finalstatic String items[]=new String[]{"FRIES","CHEESESTEAK","BISCUIT","SALADBOWL","DONUTBOX","SALESTAX"}; finalstaticfloat…arrow_forward
- Problem: A small company needs an interactive program to compute an employee’s paycheck. The payroll clerk will initially input the data, and given the input data, an employee's wage for the week should be displayed on the screen for the payroll check. The data for the employee includes the employee's hourly pay rate and the number of hours worked that week. Wage is equal to the employee's pay rate times the number of hours worked (up to 40 hours). If the employee worked more than 40 hours, wage is equal to the employee's pay rate times 40 hours plus 1½ times the employee's pay rate times the number of hours worked above 40. Instructions: Match the action at the left-side with the correct step number at the right-side (the attached picture). Note that it may be possible to group more than one related actions in the same logical step / process without altering the essence of the algorithm. In the program flow, input and checking of hourly pay rate should come before that of the number…arrow_forwardPlease write a program which estimates a user's typical food expenditure. The program asks the user how many times a week they eat at the student cafeteria. Then it asks for the price of a typical student lunch, and for money spent on groceries during the week. Based on this information the program calculates the user's typical food expenditure both weekly and daily. The program should function as follows: How many times a week do you eat at the student cafeteria? 4 The price of a typical student lunch? 2.5 How much money do you spend on groceries in a week? 28.5 Average food expenditure: Daily: 5.5 euros Weekly: 38.5 euros Sample outputarrow_forwardA parking garage charges a $2.00 minimum fee to park for up to three hours. The garage charges an additional $0.50 per hour for each hour or part thereof in excess of three hours. The maximum charge for any given 24-hour period is $10.00. Assume that no car parks for longer than 24 hours at a time. Write a program that calculates and prints the parking charges for each of three customers who parked their cars in this garage yesterday. You should enter the hours parked for each customer. Your program should print the results in a neat tabular format and should calculate and print the total of yesterday’s receipts. The program should use the function calculateCharges to determine the charge for each customer. Your outputs should appear in the following format Sample output Enter the hours parked for 3 cars: 1.5 4.0 24.0 Car Hours Charge 1 1.5 2.00 2 4.0 2.50 3 24.0 10.00 TOTAL 29.5 14.50arrow_forward
- C++ Programming: From Problem Analysis to Program...Computer ScienceISBN:9781337102087Author:D. S. MalikPublisher:Cengage Learning