Answer to Question #108276 in Java | JSP | JSF for Harsh

Question

An insurance company has declared the bonus on yearly basis on two types of
policies or plans, the basis of premium amount on yearly basis paid one time as per
the given criteria:
Premium amount( in Rs.) Child Plan Normal Plan
Minimum 5000 3% 1.5%
5001-20000 5% 3.5%
20001-45000 7% 6.0%
45001 and above 10% 8.5%
Write a program based on above criteria, to input name of person, address, premium
amount( one time), number of years the policy/plan opted for and the type of plan(C
for child and N for normal). Calculate the bonus amount for a year and also for total
number of years the policy opted for. Calculate the maturity amount as follows:
bonus in one year=(Rate percentage/100)*premium.
bonus for number of years= bonus in one year* number of years.
Maturity amount= premium amount + bonus (depending upon the years).
Print name of person, address, premium amount, number of years the opted for,
Name of plan, total bonus and maturity amount.

Answer 1

Dear Harsh, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order