Question

Suppose that ‘P’ dollars are borrowed from a bank, with the

understanding that ‘A’ dollars will be repaid each month until the entire

loan has been repaid. Part of the monthly payment will be interest,

calculated as ‘i' percent of the current unpaid balance. The remainder of

the monthly payment will be applied toward reducing the unpaid

balance.

Write a C program that will determine the following information:

 The amount of interest paid each month

 The amount of money applied toward the unpaid balance each

month

 The cumulative amount of interest that has been paid at the end of

each month

 The amount of the loan that is still unpaid at the end of each month

 The number of monthly payments required to repay the entire loan

 The amount of the last payment(since it will probably be less that 'A') write c programs​

Answer 1

Answer:

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Answer 2

Program:

#include<stdio.h>

#include<conio.h>

int main()

{

float P, A, R, I, Unpaid, CI = 0.0, Amount;

int c = 0;

printf("Enter money borrowed from a bank : ");

scanf("%f" , &P);

printf("Enter amount to be repaid each month : ");

scanf("%f" , &A);

printf("Enter rate of interest per month : ");

scanf("%f" , &R);

while(P != 0)

{

 c++;

 I = (P * R) / 100.0;

 CI = CI + I;

 Amount = P + I;

 Unpaid = Amount - A;

 printf("\nInterest = %f \n" , I);

 printf("Amount = %f \n" , Amount);

 printf("Balance Paid = %f \n" , A);

 printf("Remaining Balance = %f \n" , Unpaid);

 P = Unpaid;

 if(P < A)

 {

  I = (P * R) / 100.0;

  CI = CI + I;

  Amount = P + I;

  printf("\nLast Payment = %f \n\n" , Amount);

  P = 0;

 }

}

printf("Cumulative amount of interest = %f \n\n" , CI);

printf("Number of monthly payments : %d \n" , c+1);

return 0;

}