If you know the balance and the annual percentage interest rate, you can compute the interest on
Question:
If you know the balance and the annual percentage interest rate, you can compute the interest on the next monthly payment using the following formula:
interest = balance * (annualInterestRate/1200)
Write a program that reads the balance and the annual percentage interest rate and displays the interest for the next month. Here is a sample run:
Enter balance and interest rate (e.g., 3 for 3%): 1000 3.5
The interest is 2.91667
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Output Output Enter balance and interest rate eg 3 for 3 1000 35 The interest is ...View the full answer
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Related Book For
Introduction to Java Programming, Comprehensive Version
ISBN: 978-0133761313
10th Edition
Authors: Y. Daniel Liang
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