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Many banks and savings and loan institutions 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 divided by 365, because it is only for one day of a 365 day year. This yields 0.16 in interest and so the resulting balance is 1000.16. The interest for the second day will be 0.06 multiplied by 1000.16 and then divided by 365. Design a program that takes three inputs: the amount of deposit, the interest rate, and a duration in weeks. The algorithm then calculates the account balance at the end

Many banks and savings and loan institutions 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 divided by 365, because it is only for one day of a 365 day year. This yields 0.16 in interest and so the resulting balance is 1000.16. The interest for the second day will be 0.06 multiplied by 1000.16 and then divided by 365. Design a program that takes three inputs: the amount of deposit, the interest rate, and a duration in weeks. The algorithm then calculates the account balance at the end

Computer Networking: A Top-Down Approach (7th Edition)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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Using C (NOT C++,C#) I need help in coding this practice problem without the use of Strings and Arrays. 

 

Many banks and savings and loan institutions 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 divided by 365, because it is only for one day of a 365 day year. This yields 0.16 in interest and so the resulting balance is 1000.16. The interest for the second day will be 0.06 multiplied by 1000.16 and then divided by 365. Design a program that takes three inputs: the amount of deposit, the interest rate, and a duration in weeks. The algorithm then calculates the account balance at the end of the duration specified.[SAVI89]
Transcribed Image Text:Many banks and savings and loan institutions 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 divided by 365, because it is only for one day of a 365 day year. This yields 0.16 in interest and so the resulting balance is 1000.16. The interest for the second day will be 0.06 multiplied by 1000.16 and then divided by 365. Design a program that takes three inputs: the amount of deposit, the interest rate, and a duration in weeks. The algorithm then calculates the account balance at the end of the duration specified.[SAVI89]
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