Question

‘A Home For You’ is a company that provides financing for purchasing a home. All mortgage
applicants must first be approved. All approved applicants are then required to make a deposit on the
home loan to cover the various applicable fees. The following information is entered for each
applicant:
 name
 loan amount
 age (A valid age is between 18 and 55 inclusive)
 monthly income (monthly income > 0 )
 credit rating ('G' for good and 'B' for bad)
 house owner (True if applicant owns home and False otherwise)
 Permanent job. (True if applicant has a permanent job and False otherwise)
The following conditions are used to process the mortgage application:
 Invalid age or income will result in the mortgage application being denied.
 Everybody in the appropriate age range and with good credit will have their application
approved.
 For those with a valid age and income and with bad credit rating, their application will
be approved if they own their own house AND have a permanent job OR if they have a permanent job AND their monthly income is 3 times or greater than the mortgage
amount.
 The following schedule is used to determine the required deposit for approved loan
applications:
Loan Amount ($) Deposit
Less than $25,000 5% of loan amount
$25,000 - $49,999 $1,250 + 10% of loan amount
$50,000 – 100,000 $5,000 + 25% of loan amount
Loans in excess of $100,000 are not allowed.

Write a program, using C, which will process the loan application for FIVE (5) applicants. The
program should first determine whether the loan is approved and then determine the required deposit
if the loan has been approved. The output should be the applicant’s name, the loan amount and the
required deposit or an appropriate message if the loan has been denied.
NB: Display the total number of approved and total number of unapproved loans.

Answer 1

The Code for the program is given below.

main.c

#include <string.h>
#include <stdio.h>
#include <stdbool.h>

float calcDepo(int loanAmount)
{
float amt=0;
if(loanAmount<=25000)
{
return (loanAmount * 0.05);
}
else
if(loanAmount>25000 && loanAmount<= 49999)
{
amt = loanAmount * 0.10;
amt += 1250;   
}
else
if(loanAmount>=50000 && loanAmount<= 100000)
{
amt = loanAmount * 0.25;
amt += 5000;   
}
}

int main()
{
bool arr[2] = {false, true};
int count=0,passed=0,rejected=0;
int loanAmt,age,income,house,job;
float depo=0;
char rating[2],ratG[] = "G",ratB[] = "B",name[30];
while(count<5)
{
printf("Enter details : \n");
printf("Name : ");
scanf("%s",name);
  
printf("Loan Amount: ");
scanf("%d",&loanAmt);
  
printf("Age : ");
scanf("%d",&age);
  
printf("Monthly Income : ");
scanf("%d",&income);
  
printf("Credit Rating : ");
scanf("%s",rating);
  
printf("House Owner 1=true , 0 = false: ");
scanf("%d",&house);
  
printf("Permanent job 1= true, 0 = false ");
scanf("%d",&job);
  
  
if((age >= 18 && age <= 55) && (income >0))
{
if(loanAmt < 100000)
{
depo = calcDepo(loanAmt);

if(strcmp(rating,ratG)==0)
{
passed++;
printf("\n\n");
printf("Name : %s",name);
printf("\nLoan Amount : %d ",loanAmt);
printf("\nDeposit %.2f",depo);
printf("\nApproved\n\n");
}
else
if(strcmp(rating,ratB)==0)
{
if((house == 1 && job == 1) || (job == 1 && income >= (3 * loanAmt) ))
{
passed++;
printf("\n\n");
printf("Name : %s",name);
printf("\nLoan Amount : %d ",loanAmt);
printf("\nDeposit %.2f",depo);
printf("\nApproved\n\n");
}
else
{
printf("Application Rejected !");
rejected++;
printf("\n\n");
}
}
  

}
else
{
printf("Application Rejected !");
rejected++;
printf("\n\n");
}
  
}
else
{
printf("Application Rejected !");
rejected++;
printf("\n\n");
}
  
count++;
}
  
printf("\n \n \nTotal Passed %d",passed);
printf("\nTotal Rejected %d",rejected);
  
return 0;
}

Output