Create the logic for a program that calculates and displays the amount of money

Question

Create the logic for a program that calculates and displays the amount of money you would have if you invested $5000 at 2 percent simple interest for one year. Create a separate method to do the calculation and return the result to be displayed.

I really need the C++ translation, I know that the flowchart and pseudocode can be found elsewhere.

// Pseudocode PLD Chapter 9 #3 pg. 400

// Start

//     Declarations

//       num amount

//       num newAmount

//       num interestRate

//     output "Please enter the dollar amount.   "

//     input amount

//     output "Please enter the interest rate(e.g., nine percet should be entered as 9.0).   "

//     input interestRate

//     newAmount = FutureValue(amount,interestRate)

//     output "The new dollar amount is ", newAmount

// Stop

//

//

//

// num FutureValue(num initialAmount, num interestRate)

//     Declarations

//       num finalAmount

//     finalAmount = (1 + interestRate/100) * initialAmount

// return finalAmount

Explanation / Answer

Solution:

Step-1

Here we define FutureValue method like this

float FutureValue(float initialAmount,float interestRate)

{

          float finalAmount;

          finalAmount=(1+(interestRate/100))*initialAmount;

          return finalAmount;

}

Step-2

The main function looks like this

int main()

{

          float amount;

          float rate;

          float newAmount;

          cout<<" Please enter the dollar amount ";

          cin>>amount;

          cout<<" Please enter the interest rate(e.g., nine percent should be entered as 9.0). ";

          cin>>rate;

          newAmount=FutureValue(amount,rate);

          cout<<" The new dollar amount is " <<newAmount;

return 0;

}

Code for the Program

#include <iostream.h>

using namespace std;

float FutureValue(float initialAmount,float interestRate)

{

            float finalAmount;

            finalAmount=(1+(interestRate/100))*initialAmount;

            return finalAmount;

}

int main()

{

            float amount;

            float rate;

            float newAmount;

            cout<<" Please enter the dollar amount ";

            cin>>amount;

            cout<<" Please enter the interest rate(e.g., nine percent should be entered as 9.0). ";

            cin>>rate;

            newAmount=FutureValue(amount,rate);

            cout<<" The new dollar amount is " <<newAmount;

return 0;

}

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