Calculate Simple Interest In C

Introduction

• In this blog, I am going to tell you how to find simple interest.
• Simple interest is a method of calculating the interest charge on a loan etc.

Software Requirements

• Turbo C++ or C. 

Programming

#include < stdio.h >
#include < conio.h >
int main()
{
    float p, rate, time, si;
    printf("Enter principal amount : ");
    scanf("%f", & p);
    printf("Enter rate of interest : ");
    scanf("%f", & rate);
    printf("Enter time period in  year : ");
    scanf("%f", & time);
    si = (p * time * rate) / 100;
    printf("\nSimple Interest = %2f", si);
    getch();
    return 0;
}

Explanation

• The programming of simple interest is determined by multiplying the daily interest rate by the principle by the number of days which elapses between the payments.
  
   

Output

 

 

Conclusion

• Thus, the program is executed and printed successfully.