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 * d1 - payment * d2) / d1. The interest on the unpaid balance is: interest = averageDailyBalance * interestRate where interestRate is the interest rate per month. Write a program that accepts as input netBalance, payment, d1, d2, and interestRate. The program outputs the interest. Format your output to two decimal places. Analyze and design this program. Write the code, compile and run it. Upload your analysis and design document and your .cpp source code file here.
Max Function
Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.
Power Function
A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:
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 * d1 - payment * d2) / d1. The interest on the unpaid balance is: interest = averageDailyBalance * interestRate where interestRate is the interest rate per month. Write a program that accepts as input netBalance, payment, d1, d2, and interestRate. The program outputs the interest. Format your output to two decimal places. Analyze and design this program. Write the code, compile and run it. Upload your analysis and design document and your .cpp source code file here.
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