Question

(6) Write
program in Basic for Calculating
Compound interest
INPUT statement
and
amount wing​

Answer 1

Answer:

Step by step descriptive logic to find compound interest. Input principle amount. Input time in some variable say time . Input rate in some variable say rate . Calculate compound interest using formula, CI = principle * pow((1 + rate / 100), time) . Finally, print the resultant value of CI .

Explanation:

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Answer 2

If an amount of $5,000 is deposited into a savings account at an annual interest rate of 5%, compounded monthly, the value of the investment after 10 years can be calculated as follows... P = 5000. r = 5/100 = 0.05 (decimal). n = 12.