C Program to Find Compound Interest
/*
* C Program to find compound interest using formula
*/
#include <stdio.h>
#include <math.h>
int main()
{
double Principal;
printf("Enter the Principal Amount: ");
scanf("%lf", &Principal);
double Rate;
printf("Enter the Interest Rate: ");
scanf("%lf", &Rate);
double Time;
printf("Enter the Time Period(in Years): ");
scanf("%lf", &Time);
// Calculating compound interest
double Amount;
Amount = Principal * pow((1 + Rate / 100), Time);
double Compound_Interest;
Compound_Interest = Amount - Principal;
printf("The Compound Interest is %.2lf ",Compound_Interest);
return 0;
}
Output
Enter the Principal Amount: 5000
Enter the Interest Rate: 10
Enter the Time Period(in Years): 2
The Compound Interest is 1050.00
