QUESTION 3 Costway, provide a loan scheme to their staffs. The maximum loan is RM10,000. The program that can help the Account Department to calculate the monthly installment. The program should be able to receive inputs from the staff's name and the related items. Based on these inputs, the program should therefore be able to calculate the monthly installment. Display the staff's name, the amount of loan and the installment. Use manipulator for all appropriate items. The table for the interest calculation is provided as follows: Year of installment < 2 years Amount of Loan (RM) < 5,000 5,000 - 10,000 < 5,000 5,000 - 10,000 Interest (%) 1.5 2.0 22 years 2.0 2.5 The formulas for the monthly installment calculation are as follows: Total of Interest = Percent of Interest x Amount of Loan Total Loan with Interest = Amount of Loan + Total of Interest Monthly Installment = Total Loan with Interest / (Year of Installment x 12)

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
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C++ Programming

QUESTION 3
Costway, provide a loan scheme to their staffs. The maximum loan is RM10,000. The
program that can help the Account Department to calculate the monthly installment.
The program should be able to receive inputs from the staff's name and the related
items. Based on these inputs, the program should therefore be able to calculate the
monthly installment. Display the staff's name, the amount of loan and the installment.
Use manipulator for all appropriate items. The table for the interest calculation is provided
as follows:
Amount of Loan
(RM)
< 5,000
5,000 - 10,000
< 5,000
5,000 - 10,000
Interest
(%)
Year of
installment
< 2 years
1.5
2.0
2 2 years
2.0
2.5
The formulas for the monthly installment calculation are as follows:
Total of Interest = Percent of Interest x Amount of Loan
Total Loan with Interest = Amount of Loan + Total of Interest
Monthly Installment = Total Loan with Interest / (Year of Installment x 12)
Transcribed Image Text:QUESTION 3 Costway, provide a loan scheme to their staffs. The maximum loan is RM10,000. The program that can help the Account Department to calculate the monthly installment. The program should be able to receive inputs from the staff's name and the related items. Based on these inputs, the program should therefore be able to calculate the monthly installment. Display the staff's name, the amount of loan and the installment. Use manipulator for all appropriate items. The table for the interest calculation is provided as follows: Amount of Loan (RM) < 5,000 5,000 - 10,000 < 5,000 5,000 - 10,000 Interest (%) Year of installment < 2 years 1.5 2.0 2 2 years 2.0 2.5 The formulas for the monthly installment calculation are as follows: Total of Interest = Percent of Interest x Amount of Loan Total Loan with Interest = Amount of Loan + Total of Interest Monthly Installment = Total Loan with Interest / (Year of Installment x 12)
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