1. The Bank manager is imposing a 10% interest rate on the new salary loan to every account in the BPI Family Bank. (ANSWER SHOU
1 answer:
Hi, you've asked an incomplete question. However, I inferred you want to know the type of accounting activity involved in this process.
Answer:
<u>CALCULATING</u>
Explanation:
The process of imposing a 10% interest rate of course would require <em>calculating </em>how much cash value is to be deducted from the "new salary loan" of the respective accounts in the "BPI Family Bank".
This process in accounting often involves computing the individual loan amount multiplied by the interest percentage. For example, a 10% interest rate on a salary loan of $2000 would be = $200
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Answer:
Here is the Python program:
COOKIES_PER_BAG = 40 #sets constant value for bag of cookies
SERVINGS_PER_BAG = 10 #sets constant value for serving in bag
CALORIES_PER_SERVING = 300 #sets constant value servings per bag
cookies = int(input("How many cookies did you eat? ")) #prompts user to input how many cookies he or she ate
totalCalories = cookies * (CALORIES_PER_SERVING / (COOKIES_PER_BAG / SERVINGS_PER_BAG)); #computes total calories consumed by user
print("Total calories consumed:",totalCalories) #displays the computed value of totalCalories consumed
Explanation:
The algorithm is:
- Start
- Declare constants COOKIES_PER_BAG, SERVINGS_PER_BAG and CALORIES_PER_SERVING
- Set COOKIES_PER_BAG to 40
- Set SERVINGS_PER_BAG to 10
- Set CALORIES_PER_SERVING to 300
- Input cookies
- Calculate totalCalories: totalCalories ← cookies * (CALORIES_PER_SERVING / (COOKIES_PER_BAG / SERVINGS_PER_BAG))
- Display totalCalories
I will explain the program with an example:
Lets say user enters 5 as cookies he or she ate so
cookies = 5
Now total calories are computed as:
totalCalories = cookies * (CALORIES_PER_SERVING / (COOKIES_PER_BAG / SERVINGS_PER_BAG));
This becomes:
totalCalories = 5 * (300/40/10)
totalCalories = 5 * (300/4)
totalCalories = 5 * 75
totalCalories = 375
The screenshot of program along with its output is attached.
