Write program that calculate simple interest of given amount

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Reference no: EM131162483

Write a program that calculates simple interest of the given amount. It is an accrued amount that includes principal plus interest. You can use following formulas to perform calculations

A = P(1 + rt)
R = r * 100

Where: A = total accrued amount (principal + interest)P = principal amountr = rate of interest per year (or month) in decimal; r = R/100t = time period involved in years (or months)As an example, suppose P = 10,000, R = 3.875% per year and t = 5 years. Then A = 10,000(1 + (0.03875 × 5)) = 11,937.5 A = 11,937.50

Reference no: EM131162483

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