Simple Interest Rate Solver in C

A simple program that I wrote in C language that will compute for the interest rate of a loan. I am using Turbo C 2.0 for DOS as my C compiler in this sample program.

If you  have some questions please send me an email at jake.r.pomperada@gmail.com and jakerpomperada@yahoo.com. 

My mobile number here in the Philippines is 09173084360.

Program Listing

#include <stdio.h>

#include <conio.h>

main()

{

float principal,rate,time,solve_interest;

principal=0.00;

rate=0.00;

time=0.00;

solve_interest=0.00;

clrscr();

printf("\tSimple Interest Rate Solver");

printf("\n\n");

printf("Enter the Principle Amount Loaned : Php ");

scanf("%f",&principal);

printf("Enter the Rate of Interest        : ");

scanf("%f",&rate);

printf("Enter the Time Period             : ");

scanf("%f",&time);

solve_interest = (principal*rate*time)/100;

printf("\n\n");

printf("The simple interest is Php %5.2f.",solve_interest);

printf("\n\n");

printf("\t End of Program");

getche();

}