### Loops and intrest

Task: Write a program to calculate how many years it will take for the money in your savings account to be worth \$5,000.00 or more, if it pays 7.5% interest compounded annually. Use a loop structure in this program.

Formula: Total Amount = Amount + (Amount x Interest Rate)

Output: This programâ€™s output should look exactly like:

It will take ____ years for the savings account to be worth \$________.

In the above output, the first blank space is the number of years, and the last blank space is the total amount in the saving account after that number of years.

*Note I am really new to programming i don't know how to do this i got the first few bit, i need help fast.

 1234567891011121314151617 /* Program: \$5,000.00 or more Date: 12/14/13 Description: This programs calculates when it will take for money to become \$5,000.00 or greater. */ #include #include #include using namespace std; int main() { // Declaration of Variables and Constants double totalAmount; double amount; const rate = 0.075;
closed account (G30GNwbp)
see:
http://www.cplusplus.com/doc/tutorial/control/#loops
Well, you haven't done anything yet. Try to think about algorithm(a list of operations that will solve problem).

Also, line 17:

 const rate = 0.075

Has no type. Did you mean

 const double rate = 0.075

Cheers!
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