Yearly Compounded Interest in C++

 A simple program that I wrote to compute the yearly compounded interest of a loan using a C++ programming language.

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Program Listing

// compounded_interest.cpp

// Jake Rodriguez Pomperada, MAED-IT, MIT

// www.jakerpomperada.com and www.jakerpomperada.blogspot.com

// jakerpomperada@gmail.com

// Bacolod City, Negros Occidental Philippines

#include <iostream>

#include <iomanip>

using namespace std;

int main()

{

     double amount = 00.;

     double interest_rate = 0.00;

     int years = 0;

     

     cout << "\n\n";

     cout <<"\tYearly Compounded Interest in C++";

     cout << "\n\n";

     cout << "\tGive Amount Loaned : ";

     cin >> amount;

     cout << "\tGive Interest Rate     : ";

     cin >> interest_rate;

     cout << "\tGive Number of Years  : ";

     cin >> years;

     cout << "\n\n";

     for (int year = 1; year <= years; year++)

     {

         double interest = amount * interest_rate / 100;

         amount += interest;

         cout << "\tAfter year " << year << "\n" << fixed << setprecision(2)

                   << "\tPHP Amount: " << amount << "\tInterest: PHP " <<

interest << "\n";

     }

     cout << "\n\n";

     cout <<"\tEnd of Program";

     cout << "\n\n";

}