C Program for compound interest?

CServer Side ProgrammingProgramming

Here we will see how to get the compound interest by writing one C program. The logic is very easy. Here we need some parameters −

  • P − Principle amount
  • R − Rate of interest
  • T − Time span

The compound interest formula is like below

Example

#include<stdio.h>
#include<math.h>
float compoundInterest(float P, float T, float R) {
   return P*(pow(1+(R/100), T));
}
int main() {
   float p, t, r;
   printf("Enter Princple amount, rate of interest, and time: ");
   scanf("%f%f%f", &p, &r, &t);
   printf("Interest value: %f", compoundInterest(p, t, r));
}

Output

Enter Princple amount, rate of interest, and time: 5000 7.5 3
Interest value: 6211.485352
raja
Published on 26-Jul-2019 15:48:45
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