Minimum Pay for Credit Card
2. Katas
Problem:
Write a program that considers the Minimum Payment for a Credit Card. Which will pay off the outstanding balance, if you pay it every month for a year.
Note: Minimum Payment is a fixed amount for all 12 months.
For this, two variables are given to enter the function:
- outStandingBalance - outstanding balance on credit card.
- yearlyPercentRate - yearly percent rate.
Note: If you want to know how to calculate the outstanding balance after one month without a monthly percent rate, See the section below. Example.
Task:
Write a function that returns such a string: "Minimum Payment every month: b | Count used: c", where b is the outstanding balance (rounded to the second decimal point) that the function returned and c is the number of attempts the function used to find the minimum payment.
Example:
To find the outstanding balance after one month without a monthly interest rate, you need to adhere to an algorithm that I described in detail in 2.Katas(Little Python), follow the link and see.
All you have to do is pick up minPay For the already known algorithm.
Note: Try to start with 0 and increase each time by 10 , until minPay will not work.
Data to verify:
creditCardLowPay - function name
- creditCardLowPay(5123,0.2) --> "Minimum Payment every month: 470 | Count used: 47"
- creditCardLowPay(11,0.18) --> "Minimum Payment every month: 10 | Count used: 1"
- creditCardLowPay(858,0.2) --> "Minimum Payment every month: 80 | Count used: 8"
where "-->" means after starting the program
What's next ?
The program does not come out or works not exactly,go to the solution folder and look at the explanation for solving the problem, this will help you.
If you have everything turned out, you can go to the solution package and compare your solution with the one that's there.
If your decision does not coincide with my decision, then I'm very happy for you. Please share it with me, I will be very grateful to you and then I will add it to the solution folder. How to add your solution, see here