Chapter 1, Problem 20SA

Explanation of Solution

Algorithm:

1. Get balance, the amount in the account of the user.

2. Prompt the user to enter the amount to be withdrawn amount.

3. Determine if the amount withdrawal is allowed using the following formula and store the result in allowed:

    If (amount is more than 500 or balance is zero or balance is negative)

         Print “You are not allowed to withdraw more than $500 per day“

      allowed = false

    otherwise

           allowed = true

4. deduction = 0 (suppose deduction is the amount by which the account balance will be finally deducted)

5. Calculate serviceCharge and deduction using the following formula:

    If (allowed is equal to true)

       If (balance < amount)

       Print "Insufficient balance, withdrawal with service charge of $25.00"

        Get choice to withdraw

           if (choice is Yes)

              serviceCharge = 25...