Write a program that helps a company manage salaries of its employees. Yourprogram should ask for the number of hours worked and the hourly rate of anemployee than, display the salary.This program should allow the user to enter the information of many employeesuntil enters -1.Sample Run:Enter the number of hours worked (-1 to end): 32Enter hourly rate of the worker: 100Balary is 03200Enter the number of hours Worked (-1 to end) : 40Enter hourly rate of the worker: 5Balary is 3200Enter the number of hours worked (-1 to end): 42Enter hourly rate of the worker: 10Salary is 0420Enter the number of hours worked (-1 to end) : -1

EXPLANATION - A program is created . On program three variables are declared one for hours worked…

Write a program that helps a company manage salaries of its employees. Your program should ask for the number of hours worked and the hourly rate of an employee than, display the salary This program should allow the user to enter the information of many emplovees

Write a program that helps a company manage salaries of its employees. Your program should ask for the number of hours worked and the hourly rate of an employee than, display the salary This program should allow the user to enter the information of many emplovees

Programming Logic & Design Comprehensive

9th Edition

ISBN:9781337669405

Author:FARRELL

Publisher:FARRELL

Chapter5: Looping

Section: Chapter Questions

Problem 13PE

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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.)
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