Finding Compound Interest In Programming

Introduction

• In this blog, I am going to explain how to find the compound interest in C programming. 

Software Requirements

• Turbo C++ or C.
  

Programming

#include < stdio.h >
#include < math.h > int main()
{
    float amount, rate, time, CI;
    printf("Enter principle (amount): ");
    scanf("%f", & amount);
    printf("Enter time: ");
    scanf("%f", & time);
    printf("Enter rate: ");
    scanf("%f", & rate);
    CI = amount * (pow((1 + rate / 100), time) - 1);
    printf("Compound Interest = %f", CI);
    return 0;
}

Explanation

• In the programming, given above, the compound interest can be calculated by a simple formula and it can be in a simple manner.
  
   

Output

Conclusion

• Thus, the program can be executed and printed successfully.