When interest compounds q times per year at an annual rate of r% for n years, the principal p compounds to an amount a as per the following formula. a=p (1 + r/q) nq Write a program to read 10 sets of p, r, n & q and calculate the corresponding a.
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a = p (1 + r / q) nq.
Explanation:
When interest compounds q times per year at an annual rate of r % for n years, the principle p compounds to an amount a as per the following formula a = p (1 + r / q) nq.
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