Answered: C++ Fix this code so that it displays…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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Question

C++

Fix this code so that it displays in the format like the image shown where the principal and rate should have a fixed precision of 2 for each of the five percentages 5%,6%,7%,8%,9%,10%. The amount of the deposit should not have the fixed precision and should remain in the decimal format.

#include <iostream>
#include <iomanip>
#include <cmath>
using namespace std;

int main()
{

double principal{ 1000 };
double rate{ 0.05 };

for (rate; rate <= 0.10; rate += 0.01) {
cout << "" << endl;
cout << "Initial principal: " << principal << endl;
cout << "Interest Rate: " << rate * 100 << "%" << endl;
cout << setw(4) << "Year" << setw(20) << "Amount on deposit" << endl;
for (unsigned int year{ 1 }; year <= 10; year++) {
double amount = principal * pow(1.0 + rate, year);

cout << setw(4) << year << setw(20) << amount << endl;

}
}
}

Principal: 1000
Rate: 12%
Year
Amount on deposit
1
1120.00
2
1254.40
3
1404.93
4
1573.52
1762.34
6
1973.82
2210.68
8
2475.96
9
2773.08
10
3105.85

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