Loan Interest Solver in TypeScript

 Machine Problem

Write a program that will compute the loan of a customer from a lending company.

Principal Amount Loaned : PHP 10,500

Number of Years To Pay  : 3 Years

Interest Rate Per Year  : 10%

The program will compute the interest amount to be paid by the customer and display the result on the screen.

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Program Listing

/* loan_interest.ts

   Jake Rodriguez Pomperada, MAED-IT, MIT

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

   jakerpomperada@gmail.com

   July 13, 2022 2:40 PM  Wednesday

   Bacolod City, Negros Occidental

*/

let principal_amount = 10500;

let years_loan = 3;

let interest_rate = 10;

// Computing for interest

let solve_interest = (principal_amount * years_loan * interest_rate) / 100;

let two_decimal = solve_interest.toFixed(2);

console.log();

console.log("Loan Interest Solver in TypeScript\n");

console.log("The interest to be paid is PHP " + two_decimal + ".\n");

console.log("End of Program\n");