Problem

If you know the balance and the annual percentage interest rate, you can compute the inter...

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. Here is a sample run:

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Solutions For Problems in Chapter 2

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