Question

*********************C++ program***********************

( I have tried to write this code in c++ atleast 10 and I cant get the outputs to print correctly)

The purpose of this challenge is to use the IF, IF-ELSE-IF and nested IF statements to control program flow. This simulates the credit underwriting process for a loan.

Requirements

1. Be sure to look at the sample interaction below to help your understanding of these requirements
2. Declare an integer: int score
3. Declare the following chars: char discharged, bankruptcy
4. Declare a double: double rate. Initialize this to 0.0
5. Ask the user to enter their credit score. Receive the user’s input in score
6. Ask the user if they have had a bankruptcy. Receive the user’s input as either a ‘y’ or an ‘n’; use the bankruptcy variable to store this input
7. Using a nested if statement, if the user responds that they have had a bankruptcy, ask if the bankruptcy has been discharged. Similarly, receive the user’s input as either a ‘y’ or an ‘n’; use the discharged variable to store this input.
8. If the user has had a bankruptcy and it has been not discharged show a message that the credit application is denied.
9. If, however, the user has not had a bankruptcy, or the user had a bankruptcy and it has been discharged then write a nested if statement as below:
   1. Check the user’s credit score. If their score is below 650, show a message that their application is denied.
   2. Using an if-else-if construct, and if their score is between 650 and 720, set rate to 3.5
   3. Continue the if-else-if construct and if their score is between 721 and 850, set rate to 1.9
   4. Finally, if the user has had a bankruptcy that has been discharged, add 3.0 to the current value of rate
10. If upon determining that the application was approved, display to the user a congratulatory message with their final interest rate.

example of outputs

_________________________________________________

-- Thank you for applying for our loan --
What is your credit score? 720
Have you had a bankruptcy? n

Your application has been APPROVED! Your rate is 3.5%

________________________________________________________

-- Thank you for applying for our loan --
What is your credit score? 580
Have you had a bankruptcy? n

Unfortunately, your application has been denied.
You may apply again in 6 months.

___________________________________________________

-- Thank you for applying for our loan --
What is your credit score? 720
Have you had a bankruptcy? y
Has your bankruptcy been discharged? y

Your application has been APPROVED! Your rate is 6.5%

____________________________________________________________

-- Thank you for applying for our loan --
What is your credit score? 640
Have you had a bankruptcy? y
Has your bankruptcy been discharged? n

Unfortunately, your application has been denied.
You may apply again in 6 months.

Answer 1

In case of any query do comment. Please rate answer as well, Thanks

Code:

#include <iostream>

using namespace std;

int main()
{
int score;
char discharged, bankruptcy;
double rate=0.0;
  
cout << "----------------------------------------------------------------" << endl;
cout << "-- Thank you for applying for our loan --" << endl;
//user input for score and bankruptcy
cout <<"What is your credit score? ";
cin >>score;
  
cout << "Have you had a bankruptcy? ";
cin >> bankruptcy;
  
//if bankruptcy is yes
if(bankruptcy =='y')
{
//then ask for the status
cout << "Has your bankruptcy been discharged? " ;
cin >>discharged;
  
//if not discharged then application is denied and return
if(discharged == 'n'){
cout <<"Unfortunately, your application has been denied." <<endl <<"You may apply again in 6 months." <<endl;
return 0;
}
}
  
//condition to check however, the user has not had a bankruptcy, or the user had a bankruptcy and it has been discharged
if((bankruptcy =='n') || (bankruptcy =='y' && discharged=='y'))
{
//IF-ELSE-IF to check for rate
if(score < 650)
{
cout <<"Unfortunately, your application has been denied." << endl <<"You may apply again in 6 months." <<endl;
return 0;
}
else if(score <= 720)
rate =3.5;
else if(score <=850)
rate =1.5;
  
if(discharged == 'y')
rate +=3.0;
}
  
//If you are here your application is approved. Display the output
cout << "Your application has been APPROVED! Your rate is " << rate << "%" <<endl;

return 0;
}

==============screen shot of the code ========

Output: