question archive Write a C# program that calculates and displays the amount of money available in a bank account that initially has $1,000 deposited in it and that earns 8 percent interest a year
Write a C# program that calculates and displays the amount of money available in a bank account that initially has $1,000 deposited in it and that earns 8 percent interest a year
Subject:Computer SciencePrice:3.86 Bought7
Write a C# program that calculates and displays the amount of money available in a bank account that initially has $1,000 deposited in it and that earns 8 percent interest a year. Your program should display the amount available at the end of each year for a period of ten years. Use the relationship that the money available at the end of each year equals the amount of money in the account at the start of the year plus .08 times the amount available at the start of the year.
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
using System;
namespace MyApplication
{
class Program
{
static void Main(string[] args)
{
float balance = 1000;
float years = 0;
while (years<10)
{
years++;
float interest = balance * (float)0.08;
balance = balance + interest;
Console.WriteLine("{0}\t${1}", years, balance);
}
}
}
}
Output
1 $1080
2 $1166.4
3 $1259.712
4 $1360.489
5 $1469.328
6 $1586.874
7 $1713.824
8 $1850.93
9 $1999.005
10 $2158.925
