Answer to Question #42135 in C++ for meme

Question

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

Answer 1

/*
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; 
}