C Program To Calculate Simple Interest
Let us learn how to calculate simple interest in C programming language. We have enlisted two different methods to find simple interest and amount associated with it.
The first method calculates simple interest without using function and the second method has a user – defined function to find the Simple Interest. Simple interest is basically a quick and easy calculation of the interest charged on a given principal amount.
Formula To Find Simple Interest
Simple Interest = (p * n * r) / 100
p = Principal Amount,
n = Number of Years / Period
r = Rate of Interest
Principal Amount = ₹ 3000
Period = 3 years
Rate of Interest = 10%
Simple Interest = ₹ 900
This C program takes the values of p, n and r from the user and then applies the above given mathematical formula for simple interest calculation.
Method 1: C Program To Find Simple Interest without Function
Method 2: C Program To Calculate Simple Interest using Function
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In case you get any compilation errors in this C program to calculate simple interest or you have any doubts about it, let us know about it in the comment section below.