How many years it takes for the value of cleos investment

Assignment Help C/C++ Programming

Reference no: EM131839623

Problem

Daphne invests $100 at 10% simple interest. That is, every year, the investment earns 10% of the original investment, or $10 each and every year: interest = 0.10 × original balance At the same time, Cleo invests $100 at 5% compound interest. That is, interest is 5% of the current balance, including previous additions of interest: interest = 0.05 × current balance Cleo earns 5% of $100 the first year, giving her $105.The next year she earns 5% of $105, or $5.25, and so on. Write a program that finds how many years it takes for the value of Cleo's investment to exceed the value of Daphne's investment and then displays the value of both investments at that time.

Reference no: EM131839623

Questions Cloud

Positive and negative coverage-what the health : The movie "What the Health" has been in the media lately and has received both positive and negative coverage. The movie makes ~37 health claims

Write program that has you enter years worth of monthly sale : You sell the book C++ for Fools. Write a program that has you enter a year's worth of monthly sales (in terms of number of books, not of money).

How they can affect us based firms seeking a bpo : What do you think are contracting considerations that should be considered and addressed in the BPO contract?

Health consequences of secondhand smoke : The health consequences of secondhand smoke have been well documented. Do you feel that smoking bans in public places are fair to all citizens? Explain

How many years it takes for the value of cleos investment : Write a program that finds how many years it takes for the value of Cleo's investment to exceed the value of Daphne's investment.

Govern health systems in low- and middle-income countries : Describe a significant issue that may arise in trying to govern health systems in low- and middle-income countries.

Power of attorney for healthcare decisions : How does a durable power of attorney for healthcare decisions (DPOA-HCD) differ from a POA or DPOA?

Determine the optimum mix of the scraps : Determine the optimum mix of the scraps that should be used in producing 1000 tons of the alloys.

Write a program that uses a structure variable of given type : Write a program that uses a structure variable of that type. The program should ask the user to enter each of the preceding items of information.

User Account

All Pages