Simple Interest Calculator in C
Simple Interest Calculator in C Introduction Calculating simple interest is a common financial computation. This program takes principal, rate, and time as inputs to compute interest. Program # include <stdio.h> int main () { float principal, rate, time, interest; printf ( "Enter principal amount: " ); scanf ( "%f" , &principl); printf ( "Enter rate of interest: " ); scanf ( "%f" , &rate); printf ( "Enter time (in years): " ); scanf ( "%f" , &time); interest = (principl * rate * time) / 100 ; printf ( "Simple Interest = %.2f" , interest); return 0 ; } Explanation (principal * rate * time) / 100 : Formula to calculate simple interest. %.2f : Formats the output to two decimal places.