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Write a program that calculates the balance of a savings account at the end of a three- month period. It should ask the user for the starting balance and the annual interest rate. A loop should then iterate once for every month in the period, performing the following steps: A) Ask the user for the total amount deposited into the account during that month and add it to the balance. Do not accept negative numbers. B) Ask the user for the total amount withdrawn from the account during that month and subtract it from the balance. Do not accept negative numbers or numbers greater than the balance after the deposits for the month have been added in. C) Calculate the interest for that month. The monthly interest rate is the annual interest rate divided by 12. Multiply the monthly interest rate by the average of that month's starting and ending balance to get the interest amount for the month. This amount should be added to the balance. After the last iteration, the program should display a report that includes the following information: • starting balance at the beginning of the three-month period • total deposits made during the three months • total withdrawals made during the three months • total interest posted to the account during the three months • final balanc

Write a program that calculates the balance of a savings account at the end of a three- month period. It should ask the user for the starting balance and the annual interest rate. A loop should then iterate once for every month in the period, performing the following steps: A) Ask the user for the total amount deposited into the account during that month and add it to the balance. Do not accept negative numbers. B) Ask the user for the total amount withdrawn from the account during that month and subtract it from the balance. Do not accept negative numbers or numbers greater than the balance after the deposits for the month have been added in. C) Calculate the interest for that month. The monthly interest rate is the annual interest rate divided by 12. Multiply the monthly interest rate by the average of that month's starting and ending balance to get the interest amount for the month. This amount should be added to the balance. After the last iteration, the program should display a report that includes the following information: • starting balance at the beginning of the three-month period • total deposits made during the three months • total withdrawals made during the three months • total interest posted to the account during the three months • final balanc

C++ for Engineers and Scientists
C++ for Engineers and Scientists
4th Edition
ISBN:9781133187844
Author:Bronson, Gary J.
Publisher:Bronson, Gary J.
Chapter5: Repetition Statements
Section5.6: Nested Loops
Problem 1E: (Misc. application) Four experiments are performed, and each experiment has six test results. The...
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Test Casel: Welcome to Your Bank! What is your starting Balance? $100 What is the annual interest rate?. Please enter whole value. For example 6 for 68 :6 Month #1 Current Balance: $100.00 Please enter total amount of deposits: $2000 Please enter total amount of withdrawals: $200 New Balance: $1905.00 Month #2 Current Balance: $1905.00 Please enter total amount of deposits: $3000 Please enter total amount of withdrawals: $2000 New Balance: $2917.03 Month #3 Current Balance: $2917.03 Please enter total amount of deposits: $4000 Please enter total amount of withdrawals: $2000 New Balance: $4936.61 Start Balance: $100.00 $9000.00 $4200.00 Total Deposits: Total Withdrawals: Total Interest Earned: $36.61 Final Balance: $4936.61
Transcribed Image Text:Test Casel: Welcome to Your Bank! What is your starting Balance? $100 What is the annual interest rate?. Please enter whole value. For example 6 for 68 :6 Month #1 Current Balance: $100.00 Please enter total amount of deposits: $2000 Please enter total amount of withdrawals: $200 New Balance: $1905.00 Month #2 Current Balance: $1905.00 Please enter total amount of deposits: $3000 Please enter total amount of withdrawals: $2000 New Balance: $2917.03 Month #3 Current Balance: $2917.03 Please enter total amount of deposits: $4000 Please enter total amount of withdrawals: $2000 New Balance: $4936.61 Start Balance: $100.00 $9000.00 $4200.00 Total Deposits: Total Withdrawals: Total Interest Earned: $36.61 Final Balance: $4936.61
DESCRIPTION write a program for the following exercises 23 at the end of the chapter on loops. Here is the description of that exercise. 23. Savings Account Balance Write a program that calculates the balance of a savings account at the end of a three- month period. It should ask the user for the starting balance and the annual interest rate. A loop should then iterate once for every month in the period, performing the following steps: A) Ask the user for the total amount deposited into the account during that month and add it to the balance. Do not accept negative numbers. B) Ask the user for the total amount withdrawn from the account during that month and subtract it from the balance. Do not accept negative numbers or numbers greater than the balance after the deposits for the month have been added in. C) Calculate the interest for that month. The monthly interest rate is the annual interest rate divided by 12. Multiply the monthly interest rate by the average of that month's starting and ending balance to get the interest amount for the month. This amount should be added to the balance. After the last iteration, the program should display a report that includes the following information: • starting balance at the beginning of the three-month period • total deposits made during the three months • total withdrawals made during the three months • total interest posted to the account during the three months • final balanc
Transcribed Image Text:DESCRIPTION write a program for the following exercises 23 at the end of the chapter on loops. Here is the description of that exercise. 23. Savings Account Balance Write a program that calculates the balance of a savings account at the end of a three- month period. It should ask the user for the starting balance and the annual interest rate. A loop should then iterate once for every month in the period, performing the following steps: A) Ask the user for the total amount deposited into the account during that month and add it to the balance. Do not accept negative numbers. B) Ask the user for the total amount withdrawn from the account during that month and subtract it from the balance. Do not accept negative numbers or numbers greater than the balance after the deposits for the month have been added in. C) Calculate the interest for that month. The monthly interest rate is the annual interest rate divided by 12. Multiply the monthly interest rate by the average of that month's starting and ending balance to get the interest amount for the month. This amount should be added to the balance. After the last iteration, the program should display a report that includes the following information: • starting balance at the beginning of the three-month period • total deposits made during the three months • total withdrawals made during the three months • total interest posted to the account during the three months • final balanc
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ISBN:
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