Problem

(Financial application: calculate interest) If you know the balance and the annual perce...

(Financial application: calculate interest) 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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