You have an account with a credit card company. You are charged 10% interest for

Question

You have an account with a credit card company.

You are charged 10% interest for first 10 days that you havedelayed the payment, 20% interest for the next 10 days that youhave delayed the payment and

30% interest for next 10 days that you have delayed thepayment.

After that your card is cancelled.

Write a program that allows you to enter your credit card billand the number of days the payment has been delayed.

It should calculate the actual bill including the interest andif the delay is greater than 30 days, it should print CardCancelled message.

Explanation / Answer

is the interest compounded daily or once every 10 days ?

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