Question
3.A credit card company currently has three member levels,Platinum, Gold, and Silver. Each credit card has a different interest rate: Platinum member: 1% per month
3.A credit card company currently has three member levels,Platinum, Gold, and Silver. Each credit card has a different interest rate:
Platinum member: 1% per month
Gold member: 2% per month
Silver member: 3% per month
If Platinum or Gold level customers make a late payment, then their interest rate for the month doubles. For example, if a Platinum member is late, then his interest rate increases from 1% to 2% for the month. If a Silver level customer is late on a payment, their interest rate does not increase. Instead, they are assessed a flat $20 penalty for being late. For this assignment, you will write a program that calculates the minimum payment, which is 2% of the principle plus any interest and fees. You will also need to calculate the percentage of the payment that goes to the principle. This is given by percentToPrinciple=100*(paymentToPrinciple/totalPayment)
The output should look like the exact same thing below:
Sample Output 1:
Credit Card program by
Please enter a customer name:
Marge Simpson
Please enter the customer's member level:
Silver
Please enter the current balance:500
Was the payment made late?: Yes
======================
Statement
======================
Billing
information for Marge Simpson
Customer Level: Silver
Credit Card Balance: $500.00
Interest rate for late payment: 3% per
month
Late fee: $20.00
Required minimum payment: $45.00
Amount going to principle: $10.00
Percent of minimum payment going to principle: 22.2%
Note: Please answer oit as efficient as possible, because this is the second time me posting the same question. The previous one was done incorrectly and ofcourse use C++!!!.
Thank You
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