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Pre - Lab: Design the solution to following problem. You can represent your design using a flow - chart and ( or ) pseudo -
PreLab:
Design the solution to following problem. You can represent your design
using a flowchart and or pseudocode. Follow the problemsolving
approach discussed in the first week of the class.
This is not part of your grade, but it will be extremely helpful to completing
this lab.
Lab: Problem Solving: Use appropriate loop construct for while, or do while Write a
program that calculates the balance of a savings account at the end of a threemonth
period. It should ask the user for the starting balance and the annual interest rate. A loop
should then iterate once for every month in the period, performing the following:
A Ask the user for the total amount deposited into the account during the
month. Do not accept negative numbers. This amount should be added to
the balance.
B Ask the user for the total amount withdrawn from the account during that
month. Do not accept negative numbers or numbers greater than the
balance after the deposits for the month have been added in
C Calculate the interest for that month. The monthly interest rate is the annual
interest rate divided by Multiply the monthly interest rate by the average
of that month's starting and ending balance to get the interest amount for
the month. This amount should be added to the balance.
After the last iteration, the program should display a final report that includes the
following information.
Starting balance at the beginning of the threemonth period
Total deposits money amount made during the threemonth period
Total withdrawals money amount made during the threemonth period
Total interest posted to the account during the three months
Final balance.
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