many banks and savings and loan institution compute interest on a daily basis. on a balance of $1000 with an interest rate of 6%, the interest earned in one day is 0.06 multiplied by 1000 and then divide by 365, because it is only for one day of 365-day year. this yield $0.16 in interest, and so the resulting balance is $1000.16. The interest for the second day will be 0.06 multiplied and the divide b 365. write a program that takes three inputs: the amount of a deposit, the interest rate, and duration in weeks. the program then calculates the account balance at the end of the duration specified. also have the program output the total interest. the program should allow the user to repeat this calculation as often as the user desired.
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