Amit wants to evaluate the depreciation of his car over time to understand its current value and categorize it based on that value. Write a program that helps him determine the current value of his car after a certain number of years of depreciation and classify it into one of three categories:High: If the current value is greater than 10,000.Medium: If the current value is between 5,000 and 10,000, both inclusive.Low: If the current value is less than 5,000.The depreciation rate of the car is 15% per year. The program should calculate the current value of the car after applying this depreciation over the given number of years and print the current value along with the category.Company Tags: InfosysInput format :The first line of input consists of an integer, representing the initial cost of the car.The second line consists of an integer, representing the number of years the car has been depreciating.Output format :The first line of output prints a double value, representing the current value of the car, rounded off to two decimal places.The second line prints its category.

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Solution 1

Here is a Python program that can help Amit determine the current value of his car and its category based on the depreciation rate:

def car_value_and_category(initial_cost, years):
    # Calculate the current value after depreciation
    current_value = initial_cost * ((1 - 0.15) ** years)
    current_value = round(current_value, 2)

    # Determine the category
    if current_value > 10000:
        category = 'High'
    elif 5000 <= current_value <= 10000:
        category = 'Medium'
    else:
        category = 'Low'

This problem has been solved

Solution 2

Here is a Python program that can help Amit determine the current value of his car and its category based on the depreciation rate:

def car_value_and_category(initial_cost, years):
    # Calculate the current value after depreciation
    current_value = initial_cost * ((1 - 0.15) ** years)
    current_value = round(current_value, 2)

    # Determine the category
    if current_value > 10000:
        category = 'High'
    elif 5000 <= current_value <= 10000:
        category = 'Medium'
    else:
        category = 'Low'

    return current_value, category

# Read the initial cost and the number of years
initial_cost = int(input())
years = int(input())

# Calculate the current value and category
current_value, category = car_value_and_category(initial_cost, years)

# Print the current value and category
print(current_value)
print(category)

This program first reads the initial cost of the car and the number of years it has been depreciating. It then calculates the current value of the car after applying the depreciation rate for the given number of years. The current value is rounded off to two decimal places. The program then determines the category of the car based on

This problem has been solved

Solution 3

Here is a Python program that can help Amit determine the current value of his car and its category based on the depreciation rate:

def car_value_and_category(initial_cost, years):
    # Calculate the current value after depreciation
    current_value = initial_cost * ((1 - 0.15

Similar Questions

Single File Programming QuestionProblem StatementAmit wants to evaluate the depreciation of his car over time to understand its current value and categorize it based on that value. Write a program that helps him determine the current value of his car after a certain number of years of depreciation and classify it into one of three categories:High: If the current value is greater than 10,000.Medium: If the current value is between 5,000 and 10,000, both inclusive.Low: If the current value is less than 5,000.The depreciation rate of the car is 15% per year. The program should calculate the current value of the car after applying this depreciation over the given number of years and print the current value along with the category.Company Tags: InfosysInput format :The first line of input consists of an integer, representing the initial cost of the car.The second line consists of an integer, representing the number of years the car has been depreciating.Output format :The first line of output prints a double value, representing the current value of the car, rounded off to two decimal places.The second line prints its category.Refer to the sample output for formatting specifications.Code constraints :In this scenario, the test cases fall under the following constraints:1 ≤ initial cost ≤ 1000000 ≤ age ≤ 100Sample test cases :Input 1 :200005Output 1 :Current Value: 8874.11Category: MediumInput 2 :155377Output 2 :Current Value: 4980.81Category: LowInput 3 :125751Output 3 :Current Value: 10688.75Category: HighNote :The program will be evaluated only after the “Submit Code” is clicked.Extra spaces and new line characters in the program output will result in the failure of the test case.

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