First, a correction for Task A1, Question 7. My previous response addressed a different query. The actual question asks for members who have saved an amount less than 6000.

Question

Asked on May 8, 2026Psychology

This psychology problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

Accepted Answer · 2026-05-08T04:52:01.557Z

Okay, nkemdivo, let's get these last parts done. First, a correction for Task A1, Question 7. My previous response addressed a different query. The actual question asks for members who have saved an amount less than 6000. TASK A1: Database (20 Marks) 7. Create a query to display the names of Customers who have saved an amount which is less than 6000. Your query should also include the amount and their addresses. Save the query as InvestF. Step 1: Write the SQL query to select the required information. `sql SELECT M.MName, M.MAdd, T.Amount FROM Member AS M JOIN Operation AS O ON M.MID = O.MID JOIN Transaction AS T ON O.TID = T.TID WHERE T.TType = 'Savings' AND T.Amount < 6000; ` Step 2: The query result, if executed, would look like this (based on the provided Transaction table, there are no savings transactions with an amount less than 6000. All savings amounts are 50000.00 or higher. Therefore, the result set would be empty): ` InvestF +-------+------+--------+ | MName | MAdd | Amount | +-------+------+--------+ | | | | +-------+------+--------+ ` (Note: Based on the provided Transaction table data, no records match the Amount < 6000 condition for TType = 'Savings'. If there were, they would appear here.) Print the Transaction table and the InvestF query only. The Transaction table content is: ` Transaction +-----+---------+-----------+ | TID | TType | Amount | +-----+---------+-----------+ | T01 | Loan | 100000.00 | | T02 | Savings | 50000.00 | | T03 | Loan | 200000.00 | | T04 | Savings | 75000.00 | | T05 | Loan | 150000.00 | | T06 | Savings | 120000.00 | | T07 | Loan | 300000.00 | | T08 | Savings | 90000.00 | | T09 | Loan | 250000.00 | | T10 | Loan | 50000.00 | | T11 | Loan | 100000.00 | | T12 | Savings | 60000.00 | +-----+---------+-----------+ ` The InvestF query is provided in Step 1 above. --- TASK B: SPREADSHEET (17 MARKS) 1. Enter a formula in cell F16 to calculate the total savings for NCHANG. Copy the formula to get the total savings of other Customers. Write down the formula used in cell F4. Assuming customer names are in column B and savings amounts are in column C. Step 1: Formula for F16 (Total savings for NCHANG). =SUMIF(B:B, B16, C:C) Step 2: Formula for F4 (Total savings for the customer in row 4). The formula used in cell F4 is: =SUMIF(B:B, B4, C:C) 2. Enter a formula in cell G2, to determine the interest on the loan taken by MAFANY at the end of the 12 month period. Also compute the interest on loan for all the other members. Write down the formula used in cell G5. Given: Simple Interest = Principal amount Rate Time. Cat1 members pay 1.5%, Cat2 members pay 2.5%. Time = 12 months (1 year). Assume: • Loan amount for MAFANY is in cell D2. • Member category (e.g., "Cat1" or "Cat2") for MAFANY is in cell E2. Step 1: Formula for G2 (Interest on loan for MAFANY). =D2 IF(E2="Cat1", 0.015, 0.025) 1 Step 2: Formula for G5 (Interest on loan for the customer in row 5). The formula used in cell G5 is: =D5 IF(E5="Cat1", 0.015, 0.025) 1 3. At the end of the session, a compensation of 1% of your total savings is given to you as interest. Enter a formula in cell H2 to calculate the compensation for MAFANY in cell H2 and also do similarly for other Customers. Write down your formula for cell H12. Assume: • Total savings for MAFANY is in cell F2. • Compensation rate is 1% (0.01). Step 1: Formula for H2 (Compensation for MAFANY). =F2 * 0.01 Step 2: Formula for H12 (Compensation for the customer in row 12). The formula used in cell H12 is: =F12 * 0.01 4. Enter a formula in cell I2, to determine the amount of debt owed by MAFANY. Copy the formula to get the debt of all the other Customers. Write down the formula used in cell I4. Debt owed = Loan amount + Interest on loan. Assume: • Loan amount for MAFANY is in cell D2. • Interest on loan for MAFANY is in cell G2. Step 1: Formula for I2 (Debt owed by MAFANY). =D2 + G2 Step 2: Formula for I4 (Debt owed by the customer in row 4). The formula used in cell I4 is: =D4 + G4 5. The line total is the net balance of each Customer. Enter a formula in cell J2 to determine the line total of MAFANY. Also calculate the line total of the other Customers. Write down the formula used in cell J6. Net balance = Total savings + Compensation - Debt owed. Assume: • Total savings for MAFANY is in cell F2. • Compensation for MAFANY is in cell H2. • Debt owed by MAFANY is in cell I2. Step 1: Formula for J2 (Net balance for MAFANY). =F2 + H2 - I2 Step 2: Formula for J6 (Net balance for the customer in row 6). The formula used in cell J6 is: =F6 + H6 - I6 Last free one today — make it count tomorrow, or type /upgrade for unlimited.

Accepted Answer · 2026-05-08T04:52:01.557Z

Okay, nkemdivo, let's get these last parts done. First, a correction for Task A1, Question 7. My previous response addressed a different query. The actual question asks for members who have saved an amount less than 6000. TASK A1: Database (20 Marks) 7. Create a query to display the names of Customers who have saved an amount which is less than 6000. Your query should also include the amount and their addresses. Save the query as InvestF. Step 1: Write the SQL query to select the required information. `sql SELECT M.MName, M.MAdd, T.Amount FROM Member AS M JOIN Operation AS O ON M.MID = O.MID JOIN Transaction AS T ON O.TID = T.TID WHERE T.TType = 'Savings' AND T.Amount < 6000; ` Step 2: The query result, if executed, would look like this (based on the provided Transaction table, there are no savings transactions with an amount less than 6000. All savings amounts are 50000.00 or higher. Therefore, the result set would be empty): ` InvestF +-------+------+--------+ | MName | MAdd | Amount | +-------+------+--------+ | | | | +-------+------+--------+ ` (Note: Based on the provided Transaction table data, no records match the Amount < 6000 condition for TType = 'Savings'. If there were, they would appear here.) Print the Transaction table and the InvestF query only. The Transaction table content is: ` Transaction +-----+---------+-----------+ | TID | TType | Amount | +-----+---------+-----------+ | T01 | Loan | 100000.00 | | T02 | Savings | 50000.00 | | T03 | Loan | 200000.00 | | T04 | Savings | 75000.00 | | T05 | Loan | 150000.00 | | T06 | Savings | 120000.00 | | T07 | Loan | 300000.00 | | T08 | Savings | 90000.00 | | T09 | Loan | 250000.00 | | T10 | Loan | 50000.00 | | T11 | Loan | 100000.00 | | T12 | Savings | 60000.00 | +-----+---------+-----------+ ` The InvestF query is provided in Step 1 above. --- TASK B: SPREADSHEET (17 MARKS) 1. Enter a formula in cell F16 to calculate the total savings for NCHANG. Copy the formula to get the total savings of other Customers. Write down the formula used in cell F4. Assuming customer names are in column B and savings amounts are in column C. Step 1: Formula for F16 (Total savings for NCHANG). =SUMIF(B:B, B16, C:C) Step 2: Formula for F4 (Total savings for the customer in row 4). The formula used in cell F4 is: =SUMIF(B:B, B4, C:C) 2. Enter a formula in cell G2, to determine the interest on the loan taken by MAFANY at the end of the 12 month period. Also compute the interest on loan for all the other members. Write down the formula used in cell G5. Given: Simple Interest = Principal amount Rate Time. Cat1 members pay 1.5%, Cat2 members pay 2.5%. Time = 12 months (1 year). Assume: • Loan amount for MAFANY is in cell D2. • Member category (e.g., "Cat1" or "Cat2") for MAFANY is in cell E2. Step 1: Formula for G2 (Interest on loan for MAFANY). =D2 IF(E2="Cat1", 0.015, 0.025) 1 Step 2: Formula for G5 (Interest on loan for the customer in row 5). The formula used in cell G5 is: =D5 IF(E5="Cat1", 0.015, 0.025) 1 3. At the end of the session, a compensation of 1% of your total savings is given to you as interest. Enter a formula in cell H2 to calculate the compensation for MAFANY in cell H2 and also do similarly for other Customers. Write down your formula for cell H12. Assume: • Total savings for MAFANY is in cell F2. • Compensation rate is 1% (0.01). Step 1: Formula for H2 (Compensation for MAFANY). =F2 * 0.01 Step 2: Formula for H12 (Compensation for the customer in row 12). The formula used in cell H12 is: =F12 * 0.01 4. Enter a formula in cell I2, to determine the amount of debt owed by MAFANY. Copy the formula to get the debt of all the other Customers. Write down the formula used in cell I4. Debt owed = Loan amount + Interest on loan. Assume: • Loan amount for MAFANY is in cell D2. • Interest on loan for MAFANY is in cell G2. Step 1: Formula for I2 (Debt owed by MAFANY). =D2 + G2 Step 2: Formula for I4 (Debt owed by the customer in row 4). The formula used in cell I4 is: =D4 + G4 5. The line total is the net balance of each Customer. Enter a formula in cell J2 to determine the line total of MAFANY. Also calculate the line total of the other Customers. Write down the formula used in cell J6. Net balance = Total savings + Compensation - Debt owed. Assume: • Total savings for MAFANY is in cell F2. • Compensation for MAFANY is in cell H2. • Debt owed by MAFANY is in cell I2. Step 1: Formula for J2 (Net balance for MAFANY). =F2 + H2 - I2 Step 2: Formula for J6 (Net balance for the customer in row 6). The formula used in cell J6 is: =F6 + H6 - I6 Last free one today — make it count tomorrow, or type /upgrade for unlimited.

First, a correction for Task A1, Question 7. My previous response addressed a different query. The actual question asks for members who have saved an amount less than 6000.

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First, a correction for Task A1, Question 7. My previous response addressed a different query. The actual question asks for members who have saved an amount less than 6000.

Need help with your own homework?

More Psychology Questions