A bank maintains its account records in a sequential text fi

A bank maintains its account records in a sequential text file named accounts.txt. The record for each account contains the following: account number, account holder’s name, street address, city, state, zip, account type, and current balance. Design the logic, in pseudocode( basic such as input/output while/endwhile), for a program, that

a. Reads each record in the accounts.txt file

b. Calculates interest for the account based on the following rules: i. If the account type is “checking” and the current balance is at least $1,000, the interest rate is 1%, otherwise, it is 0.5% ii. If the account type is “savings” the interest rate is 2%

c. Calculates the balance after adding interest

d. Writes the account data with the updated account balance to another file named processed_accounts.txt

e. In another file named statements.txt, writes the account data in the proper format for a bank statement that has i. the account holder’s name and address as required by the post office ii. the account number iii. the balance before interest was added iv. the interest amount in dollars v. the balance after adding interest

So far I only have the declerations..

inputFile accountsFile

outputFile processed_accountsFile

outputFile statementsFile

num acctNumber

string acctHolderName

string streetAddress

string city

string state

num zip

num paymentDue

num daysLate

num dueWithLateFee

Solution

num acctNumber
string acctHolderName
string streetAddress
string city
string state
num zip
string acType
num balance
num rate
num interest
num newBalance

Open file1 accounts.txt
Open file2 processed_accounts.txt in write mode
Open file3 statements.txt in write mode

for each line in file do
   acctNumber= f1.readNextNmber
   acctHolderName= f1.readNextString
   streetAddress = f1.readNextString
   city = f1.readNextString
   state = f1.readNextString
   zip = f1.readNextNmber
   acType= f1.readNextString
   balance = f1.readNextNmber
  
   // Calculate interest
   if acType == \"checking\" then
       if balance <= 1000 then rate = 0.01
       else rate = 0.005
   else if acType== \"savings\" then rate = 0.02

   interest = balance* rate
   newBalance = balance + interest
  
   write new line to file2 as
  
   f2.writeNumber(acctNumber)
   f2.writeString(acctHolderName)
   f2.writeString(streetAddress)
   f2.writeString(city)
   f2.writeString(state)
   f2.writeNumber(zip)
   f2.writeString(acType)
   f2.writeNumber(newBalance)
   f2.writeString(\"\ \") // adding new line

   // write details to statements file

  
   f3.writeString(acctHolderName)
   f3.writeString(streetAddress)
   f3.writeString(city)
   f3.writeString(state)
   f3.writeNumber(zip)
   f3.writeNumber(acctNumber)
   f3.writeNumber(balance)
   f3.writeNumber(interest)
   f3.writeNumber(newBalance)

end forloop
close f1
close f2
close f3