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.

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;

}

}