# Answer to Question #63388 in C++ for derel

Question #63388

A credit union pays 4% interest on shares that are greater than $25 000.00 and 3% on all other shares. No interest is paid on deposits. Write a structured algorithm that prompts the user to input a share and a deposit. The algorithm should calculate and output the interest amount and the total savings. (Total savings = shares + deposit + interest amount). Be sure to declare all variables used in the algorithm. *

Expert's answer

#include <iostream>

using namespace std;

int main()

{

cout << "Write your shares: "; //ask user to enter shares

double s; //declaratin variable for shares

cin >> s; //reading shares

cout << "Write your deposit: "; //ask user to enter deposit

double d; //declaratin variable for deposit

cin >> d; //reading deposit

double t; //declaratin variable for total savings

if (s > 25000) //if shares >25000 then credit union pays 4%, else 3%

t = d + s*1.04; //calculating total savings for shares > 25000

else

t = d + s*1.03; //calculating total savings for shares < 25000

cout << "Your total savings: " << t; //print total savings

return 0;

}

using namespace std;

int main()

{

cout << "Write your shares: "; //ask user to enter shares

double s; //declaratin variable for shares

cin >> s; //reading shares

cout << "Write your deposit: "; //ask user to enter deposit

double d; //declaratin variable for deposit

cin >> d; //reading deposit

double t; //declaratin variable for total savings

if (s > 25000) //if shares >25000 then credit union pays 4%, else 3%

t = d + s*1.04; //calculating total savings for shares > 25000

else

t = d + s*1.03; //calculating total savings for shares < 25000

cout << "Your total savings: " << t; //print total savings

return 0;

}

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