Design an algorithm for a program that calculates the current balance in a savings account. The program should obtain from the user the following information: • The starting balance • The total amount of deposits made • The total amount of withdrawals made • Monthly interest rate The program will then use this information to calculate the current balance and display it on the screen.           b) Perform a dry run for the design in a).

C++ for Engineers and Scientists
4th Edition
ISBN:9781133187844
Author:Bronson, Gary J.
Publisher:Bronson, Gary J.
Chapter4: Selection Structures
Section4.3: Nested If Statements
Problem 5E
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a) Design an algorithm for a program that calculates the current balance in a savings account. The program should obtain from the user the following information:
• The starting balance
• The total amount of deposits made
• The total amount of withdrawals made
• Monthly interest rate
The program will then use this information to calculate the current balance and display it on the screen.          
b) Perform a dry run for the design in a).

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