Programming Exercise
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Programming Exercise 3-7
/***** Course: PRG/410 - C Programming I Lab: Week 4 - Programming Exercise 3-7
Interest on a credit cards 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: averageDailyBalance (netBalance d1 payment d2) / d1
If the interest rate per month is, say, , then the interest on the unpaid balance is: interest averageDailyBalance *...
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Published On:
04/21/2020
Last Updated:
04/21/2020
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