Insurance companies suggest that people should insure a building for at least 80 percent of the cost to replace it. Write a program that accepts the cost of a building, sends it to a method which calculates the recommended insurance, and then displays the result in a currency format.

Explanation:

Program 1:

import java.util.*;

class Kilo

{

public static void main(String[] args)

{

Scanner sc = new Scanner(System.in);

System.out.println("Enter distance in Kilometers ");

double Kilometers = sc.nextDouble();

double dist = KiloToMeters(Kilometers);

System.out.println("The kilometers in miles : "+dist);

}

public static double KiloToMeters(double Kilometers)

{

double Miles = Kilometers * 0.6214 ;

return Miles;

}

}

Program 2:

import java.text.NumberFormat;

import java.util.*;

public class Insurance {

public static void main(String[] args) {

System.out.println("Enter the cost of building:");

Scanner sc=new Scanner(System.in);

Double building=sc.nextDouble();

double cost = calc(building);

NumberFormat val = NumberFormat.getCurrencyInstance();

System.out.println("Insurance amount:" + val.format(cost));

}

private static double calc(Double building)

{

Double insurance_cost;

insurance_cost=(building*80/100);

return insurance_cost;

}

}

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