A simple program to compute the yearly compounded interest in the C programming language.
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Program Listing
// compounded_interest.c
// Jake Rodriguez Pomperada, MAED-IT, MIT
// www.jakerpomperada.com and www.jakerpomperada.blogspot.com
// jakerpomperada@gmail.com
// Bacolod City, Negros Occidental Philippines
#include <stdio.h>
int main()
{
double interest=0.00,amount = 0.00;
double interest_rate = 0.00;
int year=0,years = 0;
printf("\n\n");
printf("\tYearly Compounded Interest in C");
printf("\n\n");
printf("\tGive Amount Loaned : ");
scanf("%lf",&amount);
printf("\tGive Interest Rate : ");
scanf("%lf",&interest_rate);
printf("\tGive Number of Years : ");
scanf("%d",&years);
printf("\n\n");
for (year = 1; year <= years; year++)
{
interest = amount * interest_rate / 100;
amount += interest;
printf("\tAfter year(s) %d PHP %5.2lf amount Interest: PHP %5.2lf.\n"
,year,amount,interest);
}
printf("\n\n");
printf("\tEnd of Program");
printf("\n\n");
}
