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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’s interest and maturity value?

Solution:

SI = $30,000 x.08 x 6/12 = $1,200

MV = $30,000 + $1,200 = $31,200
Expert's answer
/*
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 = $1,200
MV = $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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meme
11.05.14, 14:19

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I really appreciate the great job you

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