Write a program for calculating the simple interest on a loan when the initial prin- cipal amount (princi_amnt) is $1000, the initial interest rate (int_rate) is 5.0%, and the number of years (no_of_yrs) is 5. Use suitable data types to declare these variables. Simple interest is calculated using the following equation: Simple interest = (Principal amount * Interest rate * Number of years)/100

Microsoft Visual C#
7th Edition
ISBN:9781337102100
Author:Joyce, Farrell.
Publisher:Joyce, Farrell.
Chapter2: Using Data
Section: Chapter Questions
Problem 3E: Choose the best data type for each of the following, so that no memory storage is wasted. Give an...
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Write a program for calculating the simple interest on a loan when the initial prin- cipal amount (princi_amnt) is $1000, the initial interest rate (int_rate) is 5.0%, and the number of years (no_of_yrs) is 5. Use suitable data types to declare these variables. Simple interest is calculated using the following equation: Simple interest = (Principal amount * Interest rate * Number of years)/100

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