Interest on a credit card’s unpaid balance is calculated using the averagedaily 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) / d1If the interest rate per month is, say, 0.0152, then the interest on the unpaid balance is:interest = averageDailyBalance * 0.0152Write a program that accepts as input netBalance, payment, d1, d2, and interest rate per month. The program outputs the interest. Format your output to two decimal places.

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
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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
If the interest rate per month is, say, 0.0152, then the interest on the unpaid balance is:
interest = averageDailyBalance * 0.0152
Write a program that accepts as input netBalance, payment, d1, d2, and interest rate per month. The program outputs the interest. Format your output to two decimal places.

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