Question #4316

write a program to compute the interest due, total amount due, and the minimum payment for a revolving account credit account. the program accepts the account balance as input, then adds on the interest to get the total amount due. the rate schedules are the following: the rate is 15% on the first, 1,000 pesos and 1% on any amount over that. the minimum payment is the total amount due is that is 10 pesos of 10% of the total amount owed, whichever is larger your program should include a loop that lets the user repeat this calculation until the user says she or he is done.

Expert's answer

#include "iostream"

using namespace std;

void main(){

float balance = 0;

cout << "balance >>";

cin >> balance;

for(;;){

float percent;

if (balance <= 1000) percent = 1.15;

if (balance > 1000) percent = 1.16;

cout <<"balance ="<< balance<<"\n";

balance *= percent;

cout <<"calculated balance = " << balance <<"\n";

float payment;

cout << "payment = ";

cin >> payment;

if (payment < 10) continue;

if (payment > ((balance/100)*10)) continue;

balance -= payment;

cout <<"balance"<< balance<<"\n";

cout <<"Exit?(1-yes)";

int quit;

cin >> quit;

if (quit == 1) break;

}

}

using namespace std;

void main(){

float balance = 0;

cout << "balance >>";

cin >> balance;

for(;;){

float percent;

if (balance <= 1000) percent = 1.15;

if (balance > 1000) percent = 1.16;

cout <<"balance ="<< balance<<"\n";

balance *= percent;

cout <<"calculated balance = " << balance <<"\n";

float payment;

cout << "payment = ";

cin >> payment;

if (payment < 10) continue;

if (payment > ((balance/100)*10)) continue;

balance -= payment;

cout <<"balance"<< balance<<"\n";

cout <<"Exit?(1-yes)";

int quit;

cin >> quit;

if (quit == 1) break;

}

}

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