exercism/csharp/interest-is-interesting

Interest is Interesting

Welcome to Interest is Interesting on Exercism's C# Track. If you need help running the tests or submitting your code, check out HELP.md. If you get stuck on the exercise, check out HINTS.md, but try and solve it without using those first :)

Introduction

Floating Point Numbers

A floating-point number is a number with zero or more digits behind the decimal separator. Examples are -2.4, 0.1, 3.14, 16.984025 and 1024.0.

Different floating-point types can store different numbers of digits after the digit separator - this is referred to as its precision.

C# has three floating-point types:

• float: 4 bytes (~6-9 digits precision). Written as 2.45f.
• double: 8 bytes (~15-17 digits precision). This is the most common type. Written as 2.45 or 2.45d.
• decimal: 16 bytes (28-29 digits precision). Normally used when working with monetary data, as its precision leads to less rounding errors. Written as 2.45m.

As can be seen, each type can store a different number of digits. This means that trying to store PI in a float will only store the first 6 to 9 digits (with the last digit being rounded).

While Loops

In this exercise you may also want to use a loop. There are several ways to write loops in C#, but the while loop is most appropriate here:

int x = 23;

while (x > 10)
{
    // Execute logic if x > 10
    x = x - 2;
}

Do While Loops

An less commonly used alternative to the above syntax is a do-while loop:

int x = 23;

do
{
    // Execute logic if x > 10
    x = x - 2;
} while (x > 10)

Instructions

In this exercise you'll be working with savings accounts. Each year, the balance of your savings account is updated based on its interest rate. The interest rate your bank gives you depends on the amount of money in your account (its balance):

• -3.213% for a negative balance.
• 0.5% for a positive balance less than 1000 dollars.
• 1.621% for a positive balance greater or equal than 1000 dollars and less than 5000 dollars.
• 2.475% for a positive balance greater or equal than 5000 dollars.

You have three tasks, each of which will deal your balance and its interest rate.

1. Calculate the interest rate

Implement the (static) SavingsAccount.InterestRate() method to calculate the interest rate based on the specified balance:

SavingsAccount.InterestRate(balance: 200.75m)
// 0.5f

Note that the value returned is a float.

2. Calculate the annual balance update

Implement the (static) SavingsAccount.AnnualBalanceUpdate() method to calculate the annual balance update, taking into account the interest rate:

SavingsAccount.AnnualBalanceUpdate(balance: 200.75m)
// 201.75375m

Note that the value returned is a decimal.

3. Calculate the years before reaching the desired balance

Implement the (static) SavingsAccount.YearsBeforeDesiredBalance() method to calculate the minimum number of years required to reach the desired balance:

SavingsAccount.YearsBeforeDesiredBalance(balance: 200.75m, targetBalance: 214.88m)
// 14

Note that the value returned is an int.

Source

Created by

• @ErikSchierboom
• @yzAlvin