Summary Interest on a credit card's unpaid balance is calculated using the average daily balance. Suppose that netBalance is the balance shown in the bill, payment is the payment made, d1 is the number of days in the billing cycle, and d2 is the number of days payment is made before billing cycle. Then, the average daily balance is: averageDailyBalance = (netBalance * d1 interest = averageDailyBalance * 0.0152 - the interest rate per month is, say, 0.0152, then the interest on the unpaid balance is: Instructions payme Write a program that accepts as input netBalance, d1, payment, d2, and interest rate per month ( interestRate).
Summary Interest on a credit card's unpaid balance is calculated using the average daily balance. Suppose that netBalance is the balance shown in the bill, payment is the payment made, d1 is the number of days in the billing cycle, and d2 is the number of days payment is made before billing cycle. Then, the average daily balance is: averageDailyBalance = (netBalance * d1 interest = averageDailyBalance * 0.0152 - the interest rate per month is, say, 0.0152, then the interest on the unpaid balance is: Instructions payme Write a program that accepts as input netBalance, d1, payment, d2, and interest rate per month ( interestRate).
C++ for Engineers and Scientists
4th Edition
ISBN:9781133187844
Author:Bronson, Gary J.
Publisher:Bronson, Gary J.
Chapter5: Repetition Statements
Section: Chapter Questions
Problem 1PP: (Probability) The probability that a phone call will last less than t minutes can be pproximated by...
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Terminal 1 Input: 100 30 50 7 9.7
Terminal 2 input: 255.6 31 55 3 12.3
Transcribed Image Text:Summary
Interest on a credit card's unpaid balance is calculated
using the average daily balance.
Suppose that netBalance is the balance shown in the
bill, payment is the payment made, d1 is the number
of days in the billing cycle, and d2 is the number of
days payment is made before billing cycle.
Then, the average daily balance is:
averageDailyBalance = (netBalance * d1 payme
If the interest rate per month is, say, 0.0152, then the
interest on the unpaid balance is:
interest averageDailyBalance * 0.0152
Instructions
Write a program that accepts as input netBalance,
d1, payment, d2, and interest rate per month (
interestRate).
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Follow-up Question
Everything in my terminal before "Enter net balance: 0.00" showed up on its own when I ran the
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main.cpp
1 #include <iostream>
2 #include <iomanip>
3
4 using namespace std;
5
go
Ⓒ
6 int main() {
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double netBalance, d1, payment, interest, d2, interestRate, average DailyBalance;
) 0 -
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cout << setprecision (2) << fixed << showpoint;
cout << "Enter net balance: ";
cin >> netBalance;
cout << "Enter number of days in the billing cycle: ";
cin >> dl;
cout << "Enter payment made: ";
cin >> payment;
»
cout << "Enter number of days payment is made before billing cycle: ";
cin >> d2;
cout << "Enter the interest rate: ";
cin >> interest;
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averageDailyBalance (netBalance * d1 payment * d2)/dl;
22 interest = averageDailyBalance * interestRate;
23
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25 return 0;
26 }
cout<<endl<<"Interest is: "<< interest << endl;
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ed << showpoint;
in the billing cycle: ";
te: ";
nce * d1 - payment * d2)/d1;
* interestRate;
interest << endl;
payment is made before billing cycle:illing cycle: 7
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> Terminal
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sandbox $ rm -f a.out
sandbox $
sandbox $
sandbox $ g++ -Wall-std=c++0x main.cpp
main.cpp: In function 'int main()':
main.cpp:22:34: warning: interestRate' may b
e used uninitialized in this function [-Wmayb
e-uninitialized]
est = averageDailyBalance * interestRate;
NN
X
sandbox $ ./a.out
Enter net balance: 100
Enter number of days in the billing cycle: 30
Enter payment made: 50
Enter number of days payment is made before b
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Enter the interest rate: 9.7
Interest is: 0.00
sandbox $
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10/22/2022
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Transcribed Image Text:nterest, d2, interest Rate, averageDailyBa
ed << showpoint;
in the billing cycle: ";
te: ";
nce * d1 - payment * d2)/d1;
* interestRate;
interest << endl;
payment is made before billing cycle:illing cycle: 7
?
16
99+
a
> Terminal
)
sandbox $ rm -f a.out
sandbox $
sandbox $
sandbox $ g++ -Wall-std=c++0x main.cpp
main.cpp: In function 'int main()':
main.cpp:22:34: warning: interestRate' may b
e used uninitialized in this function [-Wmayb
e-uninitialized]
est = averageDailyBalance * interestRate;
NN
X
sandbox $ ./a.out
Enter net balance: 100
Enter number of days in the billing cycle: 30
Enter payment made: 50
Enter number of days payment is made before b
J
+
Enter the interest rate: 9.7
Interest is: 0.00
sandbox $
(())
A-Z
½
bongo
+
€3
7:13 PM
10/22/2022
quez
Solution
by Bartleby ExpertFollow-up Question
My interest results keeps coming out to 0.00? Not sure what I'm doing wrong
![!!!
3
Lill
</
f
main.cpp
1 #include <iostream>
2 #include <iomanip>
3
4 using namespace std;
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cout << setprecision (2) << fixed << showpoint;
cout << "Enter net balance: ";
cin >> netBalance;
cout << "Enter number of days in the billing cycle: ";
cin >> dl;
12
6 int main() {
р
7
double netBalance, d1, payment, interest, d2, interestRate, averageDailyBalance; main.cpp: In function 'int main()':
main.cpp:22:34: warning: 'interestRate
cout << "Enter payment made: ";
cin >> payment;
cout << "Enter number of days payment is made before billing cycle: ";
cin >> d2;
cout << "Enter the interest rate: ";
cin >> interest;
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21 averageDailyBalance
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26}
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return 0;
(netBalance * d1 - payment * d2)/dl;
interest = averageDailyBalance * interestRate;
cout<<endl<<"Interest is: "<< interest << endl;
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hp
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a
s
(l
> Terminal
sandbox $ rm -f a.out
X
sandbox $
sandbox $
sandbox $ g++ -Wall -std=c++0x main.cp
I
+
may be used uninitialized in this fu
nction [-Wmaybe-uninitialized]
eDailyBalance *interestRate;
NNN
sandbox $ ./a.out
Enter net balance: 100
Enter number of days in the billing cy
cle: 30
Enter payment made: 50
Enter number of days payment is made b
Interest is: 0.00
sandbox $
efore billing cycle: 7
Enter the interest rate: 9.7](https://content.bartleby.com/qna-images/question/50f86a9a-dfbf-48fb-a8b1-f37eac08df1e/7c6751e2-b82b-4bd5-859d-f95a12308f01/4vxmnxj_processed.jpeg)
Transcribed Image Text:!!!
3
Lill
</
f
main.cpp
1 #include <iostream>
2 #include <iomanip>
3
4 using namespace std;
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cout << setprecision (2) << fixed << showpoint;
cout << "Enter net balance: ";
cin >> netBalance;
cout << "Enter number of days in the billing cycle: ";
cin >> dl;
12
6 int main() {
р
7
double netBalance, d1, payment, interest, d2, interestRate, averageDailyBalance; main.cpp: In function 'int main()':
main.cpp:22:34: warning: 'interestRate
cout << "Enter payment made: ";
cin >> payment;
cout << "Enter number of days payment is made before billing cycle: ";
cin >> d2;
cout << "Enter the interest rate: ";
cin >> interest;
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21 averageDailyBalance
22
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26}
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return 0;
(netBalance * d1 - payment * d2)/dl;
interest = averageDailyBalance * interestRate;
cout<<endl<<"Interest is: "<< interest << endl;
O
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hp
99+
a
s
(l
> Terminal
sandbox $ rm -f a.out
X
sandbox $
sandbox $
sandbox $ g++ -Wall -std=c++0x main.cp
I
+
may be used uninitialized in this fu
nction [-Wmaybe-uninitialized]
eDailyBalance *interestRate;
NNN
sandbox $ ./a.out
Enter net balance: 100
Enter number of days in the billing cy
cle: 30
Enter payment made: 50
Enter number of days payment is made b
Interest is: 0.00
sandbox $
efore billing cycle: 7
Enter the interest rate: 9.7
Solution
by Bartleby ExpertFollow-up Question
My interest keeps coming out to 0.00. Not sure what I keep doing wrong
![8
!!!
</>
main.cpp
go
1 #include <iostream>
2 #include <iomanip>
3
4 using namespace std;
5
Ⓒ
6 int main() {
7
double netBalance, d1, payment, interest, d2, interest Rate, average DailyBalance
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cout << setprecision(2) << fixed << showpoint;
cout << "Enter net balance:
cin >> netBalance;
cout << "Enter number of days in the billing cycle: ";
cin >> dl;
cout << "Enter payment made:
cin >> payment;
cout << "Enter number of days payment is made before billing cycle: ";
cin >> d2;
cout << "Enter the interest rate: ";
cin >> interest;
20
21 averageDailyBalance = (netBalance * d1* d2 - payment)/dl;
22 interest = averageDailyBalance * interestRate;
23
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25 return 0;
26}
cout<<endl<<"Interest is: "<< interest << endl;
0
--
hp
99+
a
0
(
>_ Terminal
sandbox $ rm -f a.out
р
X +
sandbox $
sandbox $
sandbox $ g++ -Wall -std=c++0x main.cp
main.cpp: In function 'int main()':
main.cpp:22:34: warning: 'interestRate
may be used uninitialized in this fu
nction [-Wmaybe-uninitialized]
eDailyBalance * interestRate;
sandbox $ ./a.out
Enter net balance: 100
Enter number of days in the billing cy
cle: 30
Enter payment made: 50
Enter number of days payment is made b
efore billing cycle: 7
Enter the interest rate: 9.7
Interest is: 0.00
sandbox $
X
bonc
6:54 P
10/22/202](https://content.bartleby.com/qna-images/question/50f86a9a-dfbf-48fb-a8b1-f37eac08df1e/229ad84e-de1a-45d3-9d6e-cfbc44f90735/2sguu0n_processed.jpeg)
Transcribed Image Text:8
!!!
</>
main.cpp
go
1 #include <iostream>
2 #include <iomanip>
3
4 using namespace std;
5
Ⓒ
6 int main() {
7
double netBalance, d1, payment, interest, d2, interest Rate, average DailyBalance
8
10
11
O
9
+
12
13
14
15
16
17
18
cout << setprecision(2) << fixed << showpoint;
cout << "Enter net balance:
cin >> netBalance;
cout << "Enter number of days in the billing cycle: ";
cin >> dl;
cout << "Enter payment made:
cin >> payment;
cout << "Enter number of days payment is made before billing cycle: ";
cin >> d2;
cout << "Enter the interest rate: ";
cin >> interest;
20
21 averageDailyBalance = (netBalance * d1* d2 - payment)/dl;
22 interest = averageDailyBalance * interestRate;
23
24
25 return 0;
26}
cout<<endl<<"Interest is: "<< interest << endl;
0
--
hp
99+
a
0
(
>_ Terminal
sandbox $ rm -f a.out
р
X +
sandbox $
sandbox $
sandbox $ g++ -Wall -std=c++0x main.cp
main.cpp: In function 'int main()':
main.cpp:22:34: warning: 'interestRate
may be used uninitialized in this fu
nction [-Wmaybe-uninitialized]
eDailyBalance * interestRate;
sandbox $ ./a.out
Enter net balance: 100
Enter number of days in the billing cy
cle: 30
Enter payment made: 50
Enter number of days payment is made b
efore billing cycle: 7
Enter the interest rate: 9.7
Interest is: 0.00
sandbox $
X
bonc
6:54 P
10/22/202
Solution
by Bartleby ExpertKnowledge Booster
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