Question

Problem 2 write Pseudocode for a program that calculates and displays a customer's bank balance at the end of a month. The customer's bank balance at the end of the month is the beginning bank balance + the total amount of monthly deposit made - the total amount of monthly withdrawals made + interest earned. The information the program will need to get from the user is the beginning bank balance, the amount of monthly deposits , the amount of monthly withdrawals, and the monthly interest rate. The program will need to calculate interest, do so using this formula: interest=interest rate (ending balance before taking interest into account). In other words, the program should calculate the interest earned based on the ending bank balance before adding interest to it. The program should display the ending bank balance on the screen.

Answer 1

Procedure BankBalanceCalculator()

   print("Beginning bank balance : ");
  
   beg_bal = read_input(); // take the beginning bank balance from user
  
   print("Total amount of monthly deposite made : ");
  
   deposite = read_input(); // take the amount of monthly deposits from user
  
   print("Total amount of monthly withdrawals made : ");
  
   withdrawals = read_input(); // take the amount of monthly withdrawals from user
  
   print("Monthly interest rate : ");
  
   interest_rate = read_input(); // take the monthly interest rate
  
   transaction = beg_bal + deposite + withdrawals;
  
   interest_earned = ( transaction * interest_rate ) / 100 ; // calculating earned monthly interest
  
   ending_bal = transaction + interest_earned; // calculating the ending bank balance
  
   print("The ending balance : " , ending_bal); // showing the ending bank balance to the screen

End BankBalanceCalculator

Java Version -

import java.util.Scanner;

public class BankBalanace {

   public static void main(String[] args) {
       System.out.println("\nBank Balance Calculator\n");
       Scanner ob=new Scanner(System.in);
       System.out.print(" The beginning bank balance : ");
       double beg_bal,deposite,withdrawals,interest_rate,transactions,interest_earned,ending_bal;
       beg_bal=ob.nextDouble();
       System.out.print("\nTotal amount of monthly deposite made : ");
       deposite=ob.nextDouble();
       System.out.print("\nTotal amount of monthly withdrawals made : ");
       withdrawals=ob.nextDouble();
       System.out.print("\nMonthly interest rate : ");
       interest_rate=ob.nextDouble();
       transactions=beg_bal+deposite-withdrawals;
       interest_earned=(transactions * interest_rate)/100;
       ending_bal=transactions+interest_earned;
       System.out.println("\nThe ending balance : "+ending_bal);
       ob.close();
   }

}