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Sunday, 1 January 2017

Simple Code to calculates the Simple Interest and Compound Interest [C#]

Write a program in C# that calculates the Simple Interest and Compound Interest. (The Principal, Amount, Rate of Interest and Time are entered through the keyboard)..

Following is the simple C# code :

class Lab
    {
        static void Main(string[] args)
        {
            double principleAmount, rateOfInterest, simpleInterest, CompoundInterest;
            int numberOfyears;
            Console.Write("Enter Principle Amount : ");

            principleAmount = Convert.ToDouble(Console.ReadLine());

            Console.Write("Enter Nmuber of years : ");

            numberOfyears = Convert.ToInt32(Console.ReadLine());

            Console.Write("Enter the rate of interest : ");

            rateOfInterest = Convert.ToDouble(Console.ReadLine());

            simpleInterest = (principleAmount * numberOfyears * rateOfInterest) / 100;

            CompoundInterest = principleAmount * (Math.Pow(1 + (rateOfInterest/ 100), numberOfyears) - 1);

            Console.WriteLine("Simple Interest : {0}", simpleInterest);
            Console.WriteLine("Compound Interest : {0}", CompoundInterest);

            Console.ReadLine();
        }
    }

Output:-



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