The interest paid on a savings account is compounded daily. This means that if you start with startbal dollars in the bank, at the end of the first day you’ll have a balance ofstartbal * (1 + rate/365)dollars, where rate is the annual interest rate (0.10 if the annual rate is 10 percent). At the end of the second day, you’ll havestartbal * (1 + rate/365) * (1 + rate/365)dollars, and at the end of n days you’ll havestartbal * (1 + rate/365)ndollars. Write a program that processes a set of data records, each of which contains values for rate, startbal, and n and computes the final account balance.

The interest paid on a savings account is compounded daily. This means that if you start with startbal dollars in the bank, at the end of the first day you’ll have a balance ofstartbal * (1 + rate/365)dollars, where rate is the annual interest rate (0.10 if the annual rate is 10 percent). At the end of the second day, you’ll havestartbal * (1 + rate/365) * (1 + rate/365)dollars, and at the end of n days you’ll havestartbal * (1 + rate/365)ndollars. Write a program that processes a set of data records, each of which contains values for rate, startbal, and n and computes the final account balance.

C++ Programming: From Problem Analysis to Program Design

8th Edition

ISBN:9781337102087

Author:D. S. Malik

Publisher:D. S. Malik

Chapter8: Arrays And Strings

Section: Chapter Questions

Problem 10PE

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