Assuming there are no deposits other than the original investment, the balance in a saving account after one year may be calculated as Rate Amount = Principal x (1+ T. %3D Principal is the balance in the savings account, Rate is the interest rate, and Tis the number of times the interest is compounded during a year (e.g. T is 4 if the interest is compounded quarterly). Write a program named saving.cpp that asks for the principal, the interest rate, and the number of times the interest is compounded. Compute the interest earned and the total amount in the saving account, and print the report shown in the task 2 sample output. Task 2 Sample Output: Please enter the principal amount: 1000.00 Please enter the interest rate: 4.25 Please enter the number of times compounded: 12 Interest Rate: Times Compounded: Principal: 4.254 12 1000.00 $ 43.34 1043.34 Interest: Amount in Savings: All the $ must be aligned Note: • Hint: Use library for pow () finction for equation auluulı
Assuming there are no deposits other than the original investment, the balance in a saving account after one year may be calculated as Rate Amount = Principal x (1+ T. %3D Principal is the balance in the savings account, Rate is the interest rate, and Tis the number of times the interest is compounded during a year (e.g. T is 4 if the interest is compounded quarterly). Write a program named saving.cpp that asks for the principal, the interest rate, and the number of times the interest is compounded. Compute the interest earned and the total amount in the saving account, and print the report shown in the task 2 sample output. Task 2 Sample Output: Please enter the principal amount: 1000.00 Please enter the interest rate: 4.25 Please enter the number of times compounded: 12 Interest Rate: Times Compounded: Principal: 4.254 12 1000.00 $ 43.34 1043.34 Interest: Amount in Savings: All the $ must be aligned Note: • Hint: Use library for pow () finction for equation auluulı
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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