Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 27 Aug 2017 My Price 4.00

principal plus interest

Write a program that calculates simple interest of the given amount. It is an accrued amount that includes principal plus interest. You can use following formulas to perform calculations
A = P(1 + rt)
R = r * 100
Where:A = total accrued amount (principal + interest)P = principal amountr = rate of interest per year (or month) in decimal; r = R/100t = time period involved in years (or months)As an example, suppose P = 10,000, R = 3.875% per year and t = 5 years. Then A = 10,000(1 + (0.03875 × 5)) = 11,937.5 A = 11,937.50

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Maurice Tutor
(5)
Status NEW Posted 27 Aug 2017 08:08 AM My Price 4.00

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