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Interest on a loan is paid on a declining balance, and hence a loan with an interest rate of, say, 14 percent can cost significantly less than 14 percent of the balance. Write a
Finally, determine what simple annualized percentage of the original loan balance was paid in interest. For example, if $1,000 was paid in interest on a $10,000 loan and it took 2 years to pay off, then the annualized interest is $500, which is 5 percent of the $10,000 loan amount. Your program should allow the user to repeat this calculation as often as desired.
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Chapter 3 Solutions
Problem Solving with C++ (9th Edition)
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- An oil slick occurs when an underwater refinery pipe ruptures, pumping oil into the water. The spilled oil sits on top of the water and causes a natural disaster. For simplicity, suppose that the oil sits on top of the water in the form of a circle. Write a program that prompts the user to enter the rate at which the ruptured pipe pumps oil (in gallons) per minute, the thickness of the oil on top of the water, and the number of days for which the area is covered by the spilled oil. The program outputs the spilled area (in kilometer) and the volume of oil (in gallons) on top of the water after each day.arrow_forwardYou found an exciting summer job for five weeks. It pays a per hour rate (which will be input to the program), and you will work the same number of hours each week (also input). Suppose that the total tax you pay on your summer job income is 14%. After paying the taxes, you spend 10% of your net (after tax) income to buy new clothes, accessories, and school supplies. After subtracting those items from your budget, you use 25% of the remaining money buy savings bonds. In addition, your parents buy additional savings bonds for you at 50% of the amount that you buy. Write a program that prompts the user to enter the pay rate per hour and the number of hours you will work each week. The program then outputs the following:• Your income before and after taxes for your summer job.• The money you spend on clothes, accessories, and supplies.• The money you spend to buy savings bonds.• The money your parents spend to buy additional savings bonds for you.Your input for this program should be only…arrow_forwardA retail company assigns a $5000 store bonus if monthly sales are more than $100,000; otherwise a $500 store bonus is awarded. Additionally, they are doing away with the previous day off program and now using a percent of sales increase to determine if employees get individual bonuses. If sales increased by at least 4% then all employees get a $50 bonus. If they do not, then individual bonuses are 0. All coding is in Python.arrow_forward
- Write a program that computers and assess the tuition fee of the students in one trimester, based on the given mode of payment below:Plan(key) Discount/interestCash(1) 10% discountTwo-Installment 5%interestThree-Installment 10% interestSample input/output dialogue:Enter Tuition Fee: 20000Enter Mode of Payment: 2Your total tuition fee is : 21000arrow_forwardSimple python codearrow_forwardWrite a program to calculate the grade point average (GPA) of a student by getting their grades for all their subjects. Grades and their grade points areGrade S 10 pointsGrade A 9 pointsGrade B 8 pointsGrade C 7 pointsGrade D 6 pointsGrade E 5 pointsGrade F 0 pointsThe program should input the number of subjects, followed by the grade obtained in each subject. The program should calculate the average of the grade points and print it.arrow_forward
- Donald Trump has been so stressed lately that he wanted to squeeze a stress ball. As he squeezed a stress ball in the oval office, he realized he can make many stress balls of varying sizes and charge each customer $10.00 per cubic centimeter. Manufacturing these stress balls will generate jobs and Make America Great Again™! Your job is to create a program that solves for the size of each manufactured stress ball given the radius and finally solve for the total sales. Note that a stress ball is a sphere and that's 4 Volume sphere=r³ Input The first line refers to the number of products N (where N is between 1 and 50) products to be made. The next N lines is the radius of the balls (where radius is between 1.00 and 100.00) Output The first N lines of output shows the individual price of the manufactured stress ball. The last line of output shows the total amount of sales with those balls. Sample input/output 4 1.16 11.24 8.17 10.22 49.037 44611.7 17132.3 33535.3 95328.4arrow_forwardThe population of a town A is less than the population of town B. However, the population of townA is growing faster than the population of town B. Write a program that prompts the user to enterthe population and growth rate of each town. The output of program should be after how manyyears the population of town A will be greater than or equal to the population of town B. Alsowhat will be the population of both the towns at that time?A sample input is: Population of town B = 8000, growth rate of town B = 2%, population of townA = 5000, and growth rate of town A = x. where x = last digit of your CNIC.Note: If the last digit of your CNIC is 1 or 2, add 2 to it, else no change should be made if last digitis between 3 to 9.arrow_forwardSuppose that the tuition for a universityis $10,000 this year and increases 6% every year. In one year, the tuitionwill be $10,600. Write a program that computes the tuition in ten years and the totalcost of four years’ worth of tuition after the tenth year.arrow_forward
- Write a program to calculate the net pay of an employee. Input the basic pay and calculate the net pay as follows: House rent is 45% of basic pay. Medical allowance is 2% of basic pay if basic pay is greater than Rs. 5000/-. It is 5% of basic pay if the basic pay is less than Rs. 5000/-. Conveyance allowance is Rs. 96/- if basic pay is less than Rs. 5000/-. It is Rs. 193/- if the basic pay is more than Rs. 5000/- Net pay is calculated by adding basic pay, medical allowance, conveyance allowance and house rant. using ooparrow_forwardYou are working for a lumber company, and your employer would like a program that calculatesthe cost of lumber for an order. The company sells pine, fir, cedar, maple, and oak lumber.Lumber is priced by board feet. One board foot equals one square foot that is one inch thick. Theprice per board foot is given in the following table: (image 1) The lumber is sold in different dimensions (specified in inches of width and height, and feet oflength) that need to be converted to board feet. For example, a 2 x 4 x 8 piece is 2 inches wide, 4inches high, and 8 feet long, and is equivalent to 5.333 board feet (2 * 4 * 8 = 64, which whendivided by 12 = 5.333 board feet). An entry from the user will be in the form of a letter and fourinteger numbers. The integers are the number of pieces, width, height, and length. The letter willbe one of P, F, C, M, O (corresponding to the five kinds of wood) or T, meaning total. When theletter is T, there are no integers following it on the line. The program…arrow_forwardThis zyLab activity prepares a student for a full programming assignment. Warm up exercises are typically simpler and worth fewer points than a full programming assignment, and are well-suited for an in-person scheduled lab meeting or as self-practice. A variable like userNum can store a value like an integer. Extend the given program as indicated. Output the user's input. (2 pts) Output the input squared and cubed. Hint: Compute squared as userNum * userNum. (2 pts) Get a second user input into userNum2, and output the sum and product. (1 pt) Note: This zyLab outputs a newline after each user-input prompt. For convenience in the examples below, the user's input value is shown on the next line, but such values don't actually appear as output when the program runs. Enter integer: 4 You entered: 4 4 squared is 16 And 4 cubed is 64!! Enter another integer: 5 4 + 5 is 9 4 * 5 is 20 419894.2696446.qx3zqy7arrow_forward
- C++ Programming: From Problem Analysis to Program...Computer ScienceISBN:9781337102087Author:D. S. MalikPublisher:Cengage LearningC++ for Engineers and ScientistsComputer ScienceISBN:9781133187844Author:Bronson, Gary J.Publisher:Course Technology Ptr
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