Question: We would like to assess a service charge for cashing a check. The service charge depends on the amount of the check. If the check

We would like to assess a service charge for cashing a check. The service charge depends on the amount of the check. If the check amount is less than $10, we will charge $1. If the amount is greater than $10 but less than $100, we will charge 10 percent of the amount. If the amount is greater than $100, but less than $1,000, we will charge $5 plus 5 percent of the amount. If the value is over $1,000, we will charge $40 plus 1 percent of the amount. Use a multibranch ifelse statement in a fragment of code to compute the service charge.

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