C language formula to calculate interest amount

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Release: 2023-09-10 18:45:05
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C language formula to calculate interest amount

Problem

Write a C program to calculate the increased interest on the deposit amount after some years

Solution

The formula for calculating interest is −

M=((r/100) * t); A=P*exp(M);
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Where r= rate of interest

t=no. of years

P=amount to be deposited

M=temporary variable

A= Final amount after interest

Algorithm

START Step 1: declare double variables Step 2: read amount to be deposited Step 3: read rate of interest Step 4: read years you want to deposit Step 5: Calculate final amount with interest I. M=((r/100) * t); II. A=P*exp(M); Step 6: Print final amount STOP
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Example

#include #include #include int main(){ double P,r,t,A,M; printf("amount to be deposit in the bank: "); scanf("%lf",&P); printf("

enter the rate of interest:"); scanf("%lf",&r); printf("

How many years you want to deposit:"); scanf("%lf",&t); M=((r/100) * t); A=P*exp(M); printf("

amount after %0.1lf years with interest is:%0.2lf",t,A); return 0; }

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Output

amount to be deposit in the bank: 50000 enter the rate of interest:6.5 How many years you want to deposit:5 amount after 5.0 years with interest is:69201.53
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source:tutorialspoint.com
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