If you know the balance and the annual percentage interest rate, you can compute the interest on the next monthly payment using the following formula: interest = balance * (annualInterestRate / 1200) Write a program that reads the balance and the annual percentage interest rate and displays the interest for the next month.

C++ Programming: From Problem Analysis to Program Design
8th Edition
ISBN:9781337102087
Author:D. S. Malik
Publisher:D. S. Malik
Chapter4: Control Structures I (selection)
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If you know the balance and the annual percentage interest rate, you can compute the interest on the next monthly payment using the following formula:

interest = balance * (annualInterestRate / 1200)

Write a program that reads the balance and the annual percentage interest rate and displays the interest for the next month.

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