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Program to find compound interest in C++
In this tutorial, we will be discussing a program to find compound interest.
Compound interest is the interest by adding the current interest to the principal sum and then calculating the interest on the updated amount.
Example
#include <bits/stdc++.h>
using namespace std;
int main(){
double principle = 10000, rate = 10.25, time = 5;
//calculating compound interest
double CI = principle * (pow((1 + rate / 100), time));
cout << "Compound interest is " << CI;
return 0;
}Output
Compound interest is 16288.9
Updated on 09-Sep-2020 11:17:09
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