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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    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 14 Sep 2017 My Price 5.00

initial deposit of money

Given an initial deposit of money, denoted as deposit, in a bank that pays interest annually, the amount of money, amount, at a time n years later is given by the formula amount = deposit * (1 + i)n where i is the interest rate as a decimal number (for example, 9.5% is .095). Using this formula, write a C program that determines the amount of money that will be available in four years if $10,000 is deposited in a bank that pays 10% interest annually. The amount available after four years will be $14641.

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Sep 2017 08:09 PM My Price 5.00

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