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Number of times the interest

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Reference no: EM131950293

Assuming there are no deposits other than the original investment, the balance in a savings account after one year might be calculated as: Amount = Principal * (1 + Rate/T)TPrincipal is the balance in the savings account, Rate is the interest rate (in decimal form -0.0425 for 4.25%), and Tis the number of times the interest is compounded during a year (T is 4 if the interest is compounded quarterly). Write a program that asks for the principal, the interest rate, and the number of times the interest is compounded.

Reference no: EM131950293

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