c++ Interest on a credit card’s unpaid balance is calculated using the average daily balance. Suppose that netBa
c++ Interest on a credit card’s unpaid balance is calculated using the average daily balance. Suppose that netBa
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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c++
Interest on a credit card’s unpaid balance is calculated using the average daily balance.
Suppose that netBalance is the balance shown in the bill, payment is the payment made, d1 is the number of days in the billing cycle, and d2 is the number of days payment is made before billing cycle.
Then, the average daily balance is:
averageDailyBalance = (netBalance
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