C program for simple interest
In this post, we will learn how to calculate Simple Interest using C programming language. Simple Interest is a quick and easy method of calculating the interest amount for a particular principal amount of money at some rate of interest. So, simple interest is the simplest and easiest way to determine how much extra you'll have to pay for your loan. For example, when a person takes a loan of Rs. 6000, at a rate of 10 p.a. for three years, the person's interest for three years will be simple interest on the borrowed money.
Simple Interest Formula
The Simple Interest (S.I.) formula is given by-
SI = (P x T x R)/100
Where,
P is the principle amount
T is the time and
R is the rate
Algorithm of Simple Interest
- Declare Principal, Interest and Time of loans.
- Calculate the Simple Interest by applying the formula.
- Print the value of Simple Interest.
C program to calculate Simple Interest
In the given program, we allow the user to enter the principal amount, rate of interest, and number of years. By using these values, the following C program calculates simple interest-
#include <stdio.h>
int main()
{
float principle, time, rate, SI;
/* Input principle, rate and time */
printf("Enter the principal amount : ");
scanf("%f", &principle);
printf("Enter the number of years : ");
scanf("%f", &time);
printf("Enter the rate of interest : ");
scanf("%f", &rate);
/* Calculate simple interest */
SI = (principle * time * rate) / 100;
printf("Simple Interest = %f", SI);
return 0;
}
Output1:
Enter the principal amount : 10000
Enter the number of years : 4
Enter the rate of interest : 5
Simple Interest = 2000.000000
Output2:
Enter the principal amount : 9000
Enter the number of years : 9
Enter the rate of interest : 6
Simple Interest = 4860.000000
Related Articles
Prime factors of a number in cArmstrong number program in c
Write a program to check leap year in c
C program to find area of rectangle
C program to convert celsius to fahrenheit
Fibonacci series program in C using recursion
Write a program to find area of circle in C
C program to find greatest of three numbers
C program for addition of two numbers
C program to calculate compound interest
C program to find the ASCII value of a character
C program to convert Decimal to Octal
C program to convert decimal to binary
Write a C program to calculate Simple Interest
C program to check whether a number is even or odd
C program to reverse a number
C program to check palindrome number
C program to check whether an alphabet is a vowel or consonant
Program to find square root of a number in C
C program to check whether a number is positive or negative