How To Find Compound Interest Using C++ Program

(95 Views)


In this tutorial we will learn How To Find Compound Interest Using C++ Program. Compound Interest refers to the addition of interest to the principal sum of a loan or deposit. In another word the definition of compound interest is that interest is added back to the principal sum so that interest is earned on that added interest during the next compounding period.

This type of program are often asked in various job interview and programming contest.

How To Find Compound Interest Using C++ Program

C++ Program to Find Compound Interest

#include<iostream.h> #include<conio.h> #include<math.h> void main() { float p,r,i,t,ci,a; clrscr(); cout<<"Enter Principal Amount : "; cin>>p; cout<<"Enter Interest Rate: "; cin>>r; cout<<"Enter time period in years: "; cin>>t; i=1+(r/100); // ci=pow(i,t); ci=1; for(a=1;a<=t;a++) ci=ci*i; ci=p*ci-p; cout<<"Compound interest is: "<<ci; getch(); }

Output 1

Enter Principal amount: 1000 Enter interest rate: 2 Enter time period in years: 1 Compound interest is : 20.00

Output 2

Enter Principal amount: 1000 Enter interest rate: 2 Enter time period in years: 2 Compound interest is : 40.40

Output 3

Enter Principal amount: 1000 Enter interest rate: 3 Enter time period in years: 4 Compound interest is : 125.51

Solution Worked 0 UpvotesUpvote

        

Solution Didn't Worked 0 DownvotesDownvote

        


Comments



Search

Earn Money by Submitting Articles
Start submutting articles. Click here to get started
Play 2048 Game Online

Play Duckhunt Online
Search Tags

    Calculate Compound interest using c++

    C++ pseudocode for compound interest

    C++ algorithm for compound interest