Write a program that asks for the principal the interest


Assuming there are no deposits other than the original investment, the balance in a savings account after one year might be calculated as: Amount = Principal * (1 + Rate/T)TPrincipal is the balance in the savings account, Rate is the interest rate (in decimal form -0.0425 for 4.25%), and Tis the number of times the interest is compounded during a year (T is 4 if the interest is compounded quarterly). Write a program that asks for the principal, the interest rate, and the number of times the interest is compounded.

Solution Preview :

Prepared by a verified Expert
Business Management: Write a program that asks for the principal the interest
Reference No:- TGS02746174

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)