Examlex
The following range-checking code works but is somewhat inefficient.Explain why and show how to revise it to be more efficient.
if (saleAmount >= 1000)
commissionRate = 0.08;
else if (saleAmount >= 500)
commissionRate = 0.06;
else if (saleAmount <= 499)
commissionRate = 0.05;
Contract Rate
The agreed-upon interest rate specified in a contract, often related to loans or financial agreements.
Bond Indenture
A legal contract specifying the terms and conditions under which bonds are issued, including details of interest payments and the maturity date.
Contract Rate
The agreed-upon interest rate specified in a contract, often relating to loans or bond issues.
Effective Rate
The interest rate on a loan or financial product, rephrased to reflect the actual annual cost of the product over its repayment term.
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