`luc036.c`¶

Problem Statement

When interest compounds q times per year at an annual rate of r % for n years, the principle p compounds to an amount a as per the following formula a = p (1 + r / q) ^ nq Write a program to read 10 sets of p, r, n & q and calculate the corresponding as'

Metadata¶

Property	Detail
Author	Amit Dutta (amitdutta4255@gmail.com)
License	MIT
Difficulty	Beginner (index: 1 / 10)

Concepts¶

Beta Feature

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Recursion
Pointers
Iteration

Actions¶

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Source Code¶

#include <stdio.h>
#include <math.h>
int main()
{
    double interest, principalAmount, interestRate, timeInYears, compoundFactor, totalAmount;
    int index;
    for (index = 1; index <= 10; index++)
    {
        printf("Enter Principle amount : ");
        scanf("%lf", &principalAmount);
        printf("Enter Rate of Interest : ");
        scanf("%lf", &interestRate);
        interestRate *= 0.01;
        printf("Enter the Time (Years) : ");
        scanf("%lf", &timeInYears);
        printf("Compound count in one year : ");
        scanf("%lf", &compoundFactor);
        totalAmount = (principalAmount * pow((1 + interestRate / compoundFactor), (timeInYears * compoundFactor)));
        interest = totalAmount - principalAmount;
        printf("\nInterest : %.2f\nTotal Amount : %.2f\n\n", interest, totalAmount);
    }
    return 0;
}

Explanation¶

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    [START]

    ## What it does

    (Explain the overall purpose in 1-2 sentences)

    ## Step-by-step

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    ## Key Concepts

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    ## Notes

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    [END]

    CODE (luc036.c):

    #include <stdio.h>
    #include <math.h>
    int main()
    {
        double interest, principalAmount, interestRate, timeInYears, compoundFactor, totalAmount;
        int index;
        for (index = 1; index <= 10; index++)
        {
            printf("Enter Principle amount : ");
            scanf("%lf", &principalAmount);
            printf("Enter Rate of Interest : ");
            scanf("%lf", &interestRate);
            interestRate *= 0.01;
            printf("Enter the Time (Years) : ");
            scanf("%lf", &timeInYears);
            printf("Compound count in one year : ");
            scanf("%lf", &compoundFactor);
            totalAmount = (principalAmount * pow((1 + interestRate / compoundFactor), (timeInYears * compoundFactor)));
            interest = totalAmount - principalAmount;
            printf("\nInterest : %.2f\nTotal Amount : %.2f\n\n", interest, totalAmount);
        }
        return 0;
    }

luc036.c¶