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Category > Computer Science Posted 05 Jan 2018 My Price 7.00

program that will calculate simple interest of a given

Can someone assist me by writing a program that will calculate simple interest of a given amount? This will be an accrued amount which will include the 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 amount

r = rate of interest per year (or month) in decimal; r = R/100

t = 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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SophiaPretty
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Status NEW Posted 05 Jan 2018 02:01 PM My Price 7.00

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