im just having so much confusion trying to figure out the right math to compute the interest. I know Im trying to calculate interest of each month...but the math statements throw me off. all i fized was the for loop. Other than that....im confused as to how i do the math calculations
this is what i fixed:
Code:
#include <iostream>
using namespace std;
int main ( )
{
int months, count = 1;
double init_Balance, rate, interest = 0, new_balance, total_Interest = 0, int_Accumulated;
char repeats;
do
{
total_Interest = 0;
{
cout << " Credit card interest\n ";
cout << "Enter: Initial balance, monthly interest rate as a decimal fraction, e.g. for 1.5% per month write 0.015, and the number of months the bill has run.\n ";
cout << "I will give you the interest that has accumulated.\n ";
cin >> init_Balance >> rate >> months;
}
for ( int count = 0; count < months; count++)
{
interest = ( rate * init_Balance );
new_balance = ( init_Balance + interest );
total_Interest = ( interest + );
cout << count ++;
}
cout.setf(ios::fixed);
cout.setf(ios::showpoint);
cout.precision(2);
{
cout << "Interest accumulated = $\n";
cin >> int_Accumulated;
cout << "Y or y repeats, any other character quits. ";
}
}while ( repeats != 'Y' && repeats != 'y' );
return 0;
}