Task 2 - Macro Bank updates its customer's accounts at the end of each month. The bank offers two types of accounts: savings and current. Every customer must maintain a minimum balance. If a customer's current balance falls below the minimum balance, there is a penalty of 7 OMR for savings account and 12 OMR for current accounts. If the balance at the end of the month is at least the minimum balance, the account receives interest as follows: 'savings' accounts receive 5% interest on current balance 'current' accounts with balances of up to 4000 OMR receive 2% interest on current balance; otherwise the interest 6% on current balance. Write and execute a C program using onlinegdp.com with descriptive comments explaining each line of code: 1. Reads an account number (int type), account type: s or S for savings, c or C for current, and minimum balance that the account number should maintain, and current balance (both of type float) of five customers. 2. The program must use switch-case construct for account types (Savings and Current). Each case will call relevant function, otherwise run the program again. 3. The functions will calculate final balance as per the conditions given above and return that amount back to the main function 4. All the data are saved in arrays (account number, account type, minimum balance, current balance and final balance) 5. Account data are retrieved from the arrays then shown in a table format as displayed in the Sample Output 1 below: 6. Test the program running it five times using the following input data samples and print the output (final balance) of each as given in Sample Output 2. Paste the code and output in the report. Sample Output 1: Account No: 1 Enter account number and account type (c or S): 123 s Enter account minimum balance: 1500 Enter current balance: 1493 The final balance is 1486.0 Account No: Enter account number and account type (C or S): 10055 c Enter account minimum balance: 3350 2 Enter current balance: 3338 The final balance is 3326.0 Sample Output 2: Acct No 123 Acct Type Min. Balance Acct Balance Final Balance 1500.0 1493.0 1486.0 55 334 C 3350.0 3338.0 3326.0 S 7450.0 7822.5 8213.6 21 C 2200.0 2244.0 2288.9 55 4500.0 4770.0 5056.2 C

Task 2 - Macro Bank updates its customer's accounts at the end of each month. The bank offers two types of accounts: savings and current. Every customer must maintain a minimum balance. If a customer's current balance falls below the minimum balance, there is a penalty of 7 OMR for savings account and 12 OMR for current accounts. If the balance at the end of the month is at least the minimum balance, the account receives interest as follows: 'savings' accounts receive 5% interest on current balance 'current' accounts with balances of up to 4000 OMR receive 2% interest on current balance; otherwise the interest 6% on current balance. Write and execute a C program using onlinegdp.com with descriptive comments explaining each line of code: 1. Reads an account number (int type), account type: s or S for savings, c or C for current, and minimum balance that the account number should maintain, and current balance (both of type float) of five customers. 2. The program must use switch-case construct for account types (Savings and Current). Each case will call relevant function, otherwise run the program again. 3. The functions will calculate final balance as per the conditions given above and return that amount back to the main function 4. All the data are saved in arrays (account number, account type, minimum balance, current balance and final balance) 5. Account data are retrieved from the arrays then shown in a table format as displayed in the Sample Output 1 below: 6. Test the program running it five times using the following input data samples and print the output (final balance) of each as given in Sample Output 2. Paste the code and output in the report. Sample Output 1: Account No: 1 Enter account number and account type (c or S): 123 s Enter account minimum balance: 1500 Enter current balance: 1493 The final balance is 1486.0 Account No: Enter account number and account type (C or S): 10055 c Enter account minimum balance: 3350 2 Enter current balance: 3338 The final balance is 3326.0 Sample Output 2: Acct No 123 Acct Type Min. Balance Acct Balance Final Balance 1500.0 1493.0 1486.0 55 334 C 3350.0 3338.0 3326.0 S 7450.0 7822.5 8213.6 21 C 2200.0 2244.0 2288.9 55 4500.0 4770.0 5056.2 C

Operations Research : Applications and Algorithms

4th Edition

ISBN:9780534380588

Author:Wayne L. Winston

Publisher:Wayne L. Winston

Chapter19: Probabilistic Dynamic Programming

Section19.4: Further Examples Of Probabilistic Dynamic Programming Formulations

Problem 7P

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