Write a C program to find the simple interest on a loan calculated by the formula below: interest = principal * rate * days / 365 The preceding formula assumes that rate is the annual interest rate, and therefore includes the division by 365 (days). Develop a program that will input principal, rate and days for several loans, and will calculate and display the simple interest for each loan, using the preceding formula. Here is a sample input/output dialog: Enter loan principal (-1 to end): 1000.00 Enter the interest rate: 0.1 Enter the term of the loan in days: 365 The interest charge is: $100.00 Enter loan principal (-1 to end): 1000.00 Enter the interest rate: 0.8375 Enter the term of the loan in days: 224 The interest charge is: $ 51.4 Enter loan principal (-1 to end): -1
Write a C
interest = principal * rate * days / 365
The preceding formula assumes that rate is the annual interest rate, and therefore includes the
division by 365 (days). Develop a program that will input principal, rate and days for several loans, and will calculate and display the simple interest for each loan, using the preceding formula.
Here is a sample input/output dialog:
Enter loan principal (-1 to end): 1000.00
Enter the interest rate: 0.1
Enter the term of the loan in days: 365
The interest charge is: $100.00
Enter loan principal (-1 to end): 1000.00
Enter the interest rate: 0.8375
Enter the term of the loan in days: 224
The interest charge is: $ 51.4
Enter loan principal (-1 to end): -1
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