program to calculate simple interest: Do You Really Need It?

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In this example, we will explain to you write a program to calculate simple interest in c++. To understand this topic it is necessary to have knowledge of simple interest. Please read this article carefully so that you can understand the program to calculate simple interest.

First of all, you can imagine the output screen then build your logic.

Enter principle amount: 5000
Enter the rate of interest: 5
Enter the time in year:1
Your interest is:1500.00
your simple interest is: 51500.00

You must have this knowledge

Basic cpp

Program Logic

This is a simple program. first of all, identify simple interest formula.

Algorithm

1. Start
2. Declare three variable float type.
3. Input user values pri_amount, rate, and time
4. apply simple interest formula.
5. print result
6. Stop

Simple Interest program

#include<iostream> using namespace std; int main() { float pri,time,rate; cout<<"\t\t\tSimple Interest Program"; cout<<"\n\nEnter principle amount: "; cin>>pri; cout<<"\nEnter rate of Interest: "; cin>>rate; cout<<"\nEnter the time in year: "; cin>>time; float intrest=(pri*rate*time)/100; float si=pri+intrest; cout<<"\nCalculte interest is:"<<intrest; cout<<"\n\nsimple Interest is:"<<si; return 0; }

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Now next you are, write your code in the comment below.😊