Develop a program that calculates Loan in C++. Your program should satisfy the following requirement:
User Input:
1 User is asked to enter name.
2 User is asked to enter number of dependent with range (0-5).
3 User is asked to enter status i.e. (Permanent or Probation).
4 User is asked to enter Salary.
5 User is asked to enter Duration at Job (in years):
o <1
o 1-2
o 2-4
o 4-7
o >7
6 User is asked how much loan is required.
Criteria:
Loan can be given if and only if a person is on Permanent job for more than 1 years.
Minimum salary from which a loan can be given is 35,000 per month for a person having no
dependent. Minimum salary requirement increases by 20,000 per dependent.
If years of services is from 1 to 2 years, then max loan amount can be up to 6 salaries.
If years of services is from 2 to 4 years, then max loan amount can be up to 8 salaries.
If years of services is from 4 to 7 years, then max loan amount can be up to 10 salaries.
If years of services is from 7 to 10 years, then max loan amount can be up to 12 salaries.
If years of services is more than 10 years, then max loan amount can be up to 24 salaries.
Add 13% interest on the approved loan amount. This amount will be payable within 8 years’
time i.e. 96 months.
If the money to lend is more than the lend amount, then calculate the difference and show it
properly.
For unsuccessful Loan Application: Show Message: “CUSTOMER NAME, your lend
application has not been successful this time”.
For Successful Loan Application: Show Message: “Congratulations CUSTOMER NAME, your
lend application is successful this time. Your monthly installment will be ______ Amount
Payable for 96 months”.
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