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# Answer to Question #42135 in C++ for meme

Question #42135
Write a program to calculate Simple Interrest (SI) Maturity Value (MV):

Formula1: Simple Interest (SI) = Principal (P) x Rate (R) x Time (T)

Formula 2: Maturity Value (MV) = Principal (P) + Interest (I).

Example:

Jan Carley borrowed $30,000 for office furniture. The loan was for 6 months at an annual interest rate of 8%. What are Jan&rsquo;s interest and maturity value? Solution: SI =$30,000 x.08 x 6/12 = $1,200 MV =$30,000 + $1,200 =$31,200
1
Expert's answer
2014-05-08T12:21:41-0400
/*Write a program to calculate Simple Interrest (SI) Maturity Value (MV):Formula1: Simple Interest (SI) = Principal (P) x Rate (R) x Time (T)Formula 2: Maturity Value (MV) = Principal (P) + Interest (I).Example:Jan Carley borrowed $30,000 for office furniture. The loan was for 6 months at an annual interest rate of 8%. What are Jan’s interest and maturity value?Solution:SI =$30,000 x.08 x 6/12 = $1,200MV =$30,000 + $1,200 =$31,200*/#include <iostream>#include <conio.h>using namespace std;int main(){    double borrowed;    cout<<"Borrowed: $"; cin>>borrowed; int period; cout<<"Period (months): "; cin>>period; double rate; cout<<"Annual interest rate (%): "; cin>>rate; double SI, MV; SI = borrowed * (rate/100) * ((double)period/12); cout<<"SI =$"<<SI<<endl;    MV = borrowed + SI;    cout<<"MV = \$"<<MV<<endl;    getch();    return 0; }

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#### Comments

Assignment Expert
22.05.14, 16:38

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11.05.14, 14:19

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