The simple interest on a loan is calculated by the formula • Interest=principal * rate * days / 365 The preceding formula assumes that rate is the annual interest rate, and therefore it should include the division by 365 (days). Develop a program that will input principal, rate and days for several loans, and will calculate and display the simple interest for each loan, using the preceding formula. Also, Program must be continued until you enter -1. • You should print interest rate in 2 decimal points format (ex| 100
The simple interest on a loan is calculated by the formula • Interest=principal * rate * days / 365 The preceding formula assumes that rate is the annual interest rate, and therefore it should include the division by 365 (days). Develop a program that will input principal, rate and days for several loans, and will calculate and display the simple interest for each loan, using the preceding formula. Also, Program must be continued until you enter -1. • You should print interest rate in 2 decimal points format (ex| 100
C++ Programming: From Problem Analysis to Program Design
8th Edition
ISBN:9781337102087
Author:D. S. Malik
Publisher:D. S. Malik
Chapter5: Control Structures Ii (repetition)
Section: Chapter Questions
Problem 32PE
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