A savings account is opened with £100000 at the beginning of January. A deposit is then made of £1000 at the end of every month for the next 12 months. Interest is calculated and added to his account at the end of the month (before the £1000 deposit is made). Interest is calculated based on the amount in the account when the interest is calculated based on the following; Account amount Interest rate 0.5% < 110 000 110 000 ≤ A ≤ 125000 1.0% > 125000 1.5% Write a program that will display for each of the 12 months, under suitable headings, the month, the interest rate, the amount of interest earned, and the new balance.

A savings account is opened with £100000 at the beginning of January. A deposit is then made of £1000 at the end of every month for the next 12 months. Interest is calculated and added to his account at the end of the month (before the £1000 deposit is made). Interest is calculated based on the amount in the account when the interest is calculated based on the following; Account amount Interest rate 0.5% < 110 000 110 000 ≤ A ≤ 125000 1.0% > 125000 1.5% Write a program that will display for each of the 12 months, under suitable headings, the month, the interest rate, the amount of interest earned, and the new balance.

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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