Starting Out with C++ from Control Structures to Objects, Student Value Edition (9th Edition)
9th Edition
ISBN: 9780134443829
Author: Tony Gaddis
Publisher: PEARSON
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Textbook Question
Chapter 3, Problem 18PC
Interest Earned
Assuming there are no deposits other than the original investment, the balance in a savings account after one year may be calculated as
Principal is the balance in the savings account, Rate is the interest rate, and T is the number of times the interest is compounded during a year (T is 4 if the interest is compounded quarterly).
Write a
| Interest Rate: | 4.25% |
| Times Compounded: | 12 |
| Principal: | $1000.00 |
| Interest: | $43.34 |
| Amount in Savings: | $1043.34 |
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Chapter 3 Solutions
Starting Out with C++ from Control Structures to Objects, Student Value Edition (9th Edition)
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