The formula for computing the future value of an amount that is increasing due to accumulating simple interest is F = P(1+rxi) Where F is the future value, P is the present value, is the annual interest rate (decimal value not percent), and is the total time period in years. Write a function named simpleinterest that accepts values for the three variables P, and and assings them to the output variable futureValue

The formula for computing the future value of an amount that is increasing due to accumulating simple interest is F = P(1+rxi) Where F is the future value, P is the present value, is the annual interest rate (decimal value not percent), and is the total time period in years. Write a function named simpleinterest that accepts values for the three variables P, and and assings them to the output variable futureValue

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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Question

Problem 2: Simple Interest
The formula for computing the future value of an amount that is increasing due to accumulating simple interest is
F=P(1+rxi)
Where F is the future value, P is the present value, is the annual interest rate (decimal value not percent), and is the total time period in
years.
Write a function named simpleInterest that accepts values for the three variables P, and and assings them to the output variable
futureValue
Function
Code to call your function >
Save C Reset
function [futureValue] =simpleInterest (presentValue, interest RatePercent, time Years)
%Enter commands to perform the computation and assign the results
3 %to the output variable defined in the function command in line 1.
1 [futureValue] =simpleInterest (10000,5.25,5)
My Solutions >
MATLAB Documentation
C Reset
Run Function

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