C++ Programming assignment. - suppose you deposit $50 per month in a bank accoun

Question

C++ Programming assignment.

- suppose you deposit $50 per month in a bank account every month for a year. Every month, after the deposit has been made, interest at the rate of 1 percent is added to the balance, e.g. after one month, the balance is $50.50, and after two months it is $101.51. Write a C++ program to compute and print the balance each month for a year. Arrange the output to look something like this: (hint: use a for loop)

                                                                      MONTH               MONTH-END BALANCE

                                                                            1                         50.50

                                                                            2                          101.51

                                                                           3                             153.02

                                                                         ...

                                                                         12                             640.47

Explanation / Answer

Hi below i have written the sample example code for savings account which will help you to understand the concept for your reference,

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