Answer to Question #209370 in C++ for sha

Question

Interest on a credit card’s unpaid balance is calculated using the average daily balance.

Suppose that netBalance is the balance shown in the bill, payment is the payment made, d1 is the number of days in the billing cycle, and d2 is the number of days payment is made before billing cycle.

Then, the average daily balance is:

Answer 1

#include <iomanip>
	#include <iostream>
	

	using namespace std;
	

	int main()
	{
	    double netBalance,d1,payment,interest,d2,monthlyInterestRate,averageDailyBalance;
	

	    cout << setprecision(2) << fixed << showpoint ;
	    cout << "Enter net Balance: ";
	    cin >> netBalance;
	    cout << "Enter payment made: ";
	    cin >> payment;
	    cout << "Enter number of days in the billing cycle: ";
	    cin >> d1;
	    cout << "Enter number of days payment is made before billing cycle: ";
	    cin >> d2;
	    cout  << "Enter interest per month: ";
	    cin >> monthlyInterestRate;
	

	    averageDailyBalance = (netBalance * d1 - payment * d2)/d1;
	    interest = averageDailyBalance * monthlyInterestRate;
	

	    cout <<endl<< "Interest is " << interest << endl;
	    return 0;
	}