Saturday 4 August 2012

How to calculate account balance at the end of month in C++


Program is to calculate the account balance at the end of the month


#include<iostream>

#include<conio.h>

using namespace std;

int main()
{
       double account_balance = 0.00, federal_tax = 0.00;
      
       int amount_deposited = 0, amount_withdrawed = 0;

       cout << "\n\n\t\t  __ Account Balance Problem __";

       cout << "\n\n  Enter the Account Balance    - ";

       cin >> account_balance;

       cout << "\n\n  Enter the Amount Deposited   - ";

       cin >> amount_deposited;

       cout << "\n\n  Enter the Amount Withdrawed  - ";

       cin >> amount_withdrawed;

       federal_tax = 0.01 * (amount_deposited + amount_withdrawed);

       account_balance = (((account_balance - amount_withdrawed) + amount_deposited) - federal_tax);

       cout << "\n\n\t __ Account Balance at the end of the month - " << account_balance << "  ___";
      
       getch();

       return 0;

}
 



Program reads in one customer’s account balance at the beginning of the month, a total of all withdrawals for the month, and a total of all deposits made during the month. A federal tax charge of 1% is applied to all transactions made during the month and calculates the account balance at the end of the month by 
  • subtracting the total withdrawals from the account balance at the beginning of the month. 
  • adding the total deposits to this new balance. 
  • Calculating the federal tax (1% of total transactions, i.e. total withdrawals + total deposits) and 
  • Subtracting this federal tax from the new balance.

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