Sponsored Ad

Saturday, March 12, 2011

How to Calculate Compound Interest using C#

This C# program will help you to find out compound interest for given input values.

Hoe to Calculate Compound Interest using C#

Program to calculate compound interest:

using System;

namespace MyApp
{
    class compound_interest_class
    {
        static void Main(string[] args)
        {
            double Total = 0, interestRate, years, annualCompound, inAmount;          

            Console.Write("Please Enter:");
            Console.Write("Initial Amount: ");
            inAmount = Convert.ToDouble(Console.ReadLine());

            Console.Write("interest rate: ");
            interestRate = Convert.ToDouble(Console.ReadLine()) / 100;

            Console.Write("Number of Years: ");
            years = Convert.ToDouble(Console.ReadLine());

            Console.Write("Number of times the interest will be compounded: ");
            annualCompound = Convert.ToDouble(Console.ReadLine());

            for (int t = 1; t < years + 1; t++)
            {
                Total = inAmount * Math.Pow((1 + interestRate / annualCompound), (annualCompound * t));
                Console.Write("Your total for year {0} "
                            + "is {1:F0}. \n", t, Total);

            }

            Console.ReadLine();
        }
    }
}

No comments:

Post a Comment

Sponsored Ad

Development Updates