Question

Write a program to find the difference between Simple Interest (SI) and
Compound Interest (CI).(Take values of Principal, Rate and Time from user).
[Formula : Sl=( P*R*T)/100, CI =A-P where A=P*(1 +(R/100) )​

Answer 1

Explanation:

please clarify the programing language to use

Answer 2

Answer:

Here is your answer

Explanation:

Program to find Simple Interest and Compound Interest in PL/SQL

In PL/SQL code groups of commands are arranged within a block. A block group related declarations or statements. In declare part, we declare variables and between begin and end part, we perform the operations.

Given principal(p), rate(r), time(t), the task is to calculate the simple interest and compound interest.

Examples:

Input: p = 1500

r = 5

t = 3

Output: SI = 225, CI = 1736.44

Input: p = 2700

r = 7

t = 8

Output: SI = 1512, CI = 4639.1

Formula for Simple Interest:

\begin{math} SI=(P*R*I)/100 \end{math}

Formula for Compound Interest:

\begin{math} CI = P * Power(1 + (R/100) ^ t) \end{math}

Where:

P: Principal (original amount)

R: Rate of Interest (in %)

T: Time period

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