Help! I\'m a little stuck on this problem: Write a C++ program that allows a use
ID: 646019 • Letter: H
Question
Help! I'm a little stuck on this problem:
Write a C++ program that allows a user to enter an amount of money to be placed into savings EACH year, the number of years the savings will take place at the interest rate (as a decimal) that the savings plan gives. Use a function name cakculate() to computer the final amount of money in the savings account if the principal is compounded annually. Finally, main() should output the amount of money int he savings account.
Prompts would be
Enter the amount of money to be deposited each year...
Input the number of years to run the program for...
Input the interest rate you are getting at this bank
The amount of money in your savings account is now.....
Thank you :~)
Explanation / Answer
#include<stdio.h>
#include<math.h>
using namespace account
public class Interest
{
public double calculate()
{
float amt,rate,tot;
int year;
cout>>"Enter the amount of money to be deposited each year...";
cin<<amt;
cout>>"Input the number of years to run the program for...";
cin<<year;
cout>>"Input the interest rate you are getting at this bank";
cin<<rate;
tot= amt ( 1 + rate/1 )pow(1*year);
}
void main()
{
float amount;
amount=calculate();
cout>>"The amount of money in your savings account is now:"<<amount;
}
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