Write the program for the simple, compound interest || C Lab Program

WAP_A02:  Write the program for the simple, compound interest. || Simple Numeric Problems

Algorithm

start step1: Read p, rate, time step2: SI := (p * rate * time)/100 step3: CI := p * (1+(rate/100))time - p step4: Print SI, CI stop

WAP_A02: C Lab Program

/* calculate simple interest & compound interest by reading principal amount, rate of interest & time The formula to find simple interest is simpleInterest = (principal * rate * time) / 100. The formula to find compound interest is compoundInterest = principal * pow(1 + (rate / 100), time) - principal. */ #include <stdio.h> #include <math.h> int main() {     float P, rate, time, SI, CI;     // Input P amount, rate of interest and time     printf("Enter P,R,T: ");     scanf("%f%f%f", &P,&rate,&time);         // Calculate simple interest     SI = (P * rate * time) / 100;     // Calculate compound interest     CI = P * pow(1 + (rate / 100), time) - P;     // Display results     printf("SI= %f\n", SI);     printf("CI= %f\n", CI);     return 0; }

OUTPUT

Enter P,R,T: 1000 5 10 SI= 500.000000 CI= 628.893860

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