Question

Write a program to accept Principal, Rate and Time. Calculate and display the interest
accumulated for the first year, second year and the third year which is compound annually.
Sample Input: Principal = 5000, Rate =10, Time = 3
Sample Output: Interest for the first year: Rs.500
Interest for the second year: Rs.550
Interest for the third year: Rs.605
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Answer 1

Answer:

P is Principal amount.

R is rate per annum.

T is time in years.

For example: Let’s say a man deposit 2000 INR in bank account at a interest rate of 6% per annum for 3 years, calculate the simple interest at the end of 3 years.

Answer 2

Answer:

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