Question

Salary Raise: At the beginning of every year, you receive a raise on your previous year’s salary.

Raise = Salary * Rate

Create an application that displays the amount of your annual raises and also your new salaries for the next ten years, using raise rates of 1.5%, 2%, 2.5%, 3%, 3.5%, 4%, 4.5%, 5%.

The input for the salary should come from an input box and should only allow a value between 10,000 and 100,000. Use a loop to validate the input.

Answer 1

Program in Python to calculate the raise in salary:

Raise = Salary * Rate

#Program in Python3

#take input
salary = int(input("Enter Salary: \n"))
#declare initial rate
rate = 1.5
#check if salary range is valid
if salary >= 10000 and salary <= 100000:
    #run loop 10 times for 10 years
    for i in range(10):
        print("Raise for year {} is: {}".format(i+1,salary*(rate/100)))
        #new salary = old salary + range
        salary = salary + salary*(rate/100)
        print("New Salary is: ",salary, "\n")
        #increment rate of raise
        rate = rate +0.5
else:
    print("Salary should be between 10,000 and 100,000")

Program Screenshot:

Please refer to the screenshot of the code to understand the indentation of the code:

Program output: