Write a c++ program for a bank account that has initially $1000 in it and the owner earns interest every year at the rate of 4% of the original value. Calculate the total money in the account with interest until next 10 years with the increase of 4% every year. Note: Use for loop for every year increment. Also display the incremented amount in account for every year Use while or for loop.
Types of Loop
Loops are the elements of programming in which a part of code is repeated a particular number of times. Loop executes the series of statements many times till the conditional statement becomes false.
Loops
Any task which is repeated more than one time is called a loop. Basically, loops can be divided into three types as while, do-while and for loop. There are so many programming languages like C, C++, JAVA, PYTHON, and many more where looping statements can be used for repetitive execution.
While Loop
Loop is a feature in the programming language. It helps us to execute a set of instructions regularly. The block of code executes until some conditions provided within that Loop are true.
Write a c++ program for a bank account that has initially $1000 in it and the owner earns
interest every year at the rate of 4% of the original value. Calculate the total money in
the account with interest until next 10 years with the increase of 4% every year. Note:
Use for loop for every year increment. Also display the incremented amount in
account for every year
Use while or for loop.
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