Write a program which prompts the user to input principle, rate and time and calculate compound interest. The formula is :
CI = P(1+R/100)T - P.
#include <stdio.h>
#include <math.h>
int main()
{
float p, r, t, ci;
printf("Enter the principle :");
scanf("%f", &p);
printf("Enter the rate :");
scanf("%f", &r);
printf("Enter the time :");
scanf("%f", &t);
ci = p * pow((1 + r / 100), t) - p;
printf("\nThe compound interest is %0.2f", ci);
return 0;
}
Enter the principle :5400
Enter the rate :8
Enter the time :3
The compound interest is 1402.44