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A simple program to compute compound interest using loops and printing the result on CLI.
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// in this program we are going to be calculating compound interest using a looping | |
// algorithm. | |
// | |
// firstly, we discuss the solution that we have in mind. since we are required to | |
// compute this without a formula but using loops we are going to define a function | |
// that will represent the function call. | |
// | |
// let us start by getting the resources we are going to need | |
#include <iostream> | |
// then we start defining our function here | |
double compoundInterest(int invest, double years, double annualRate) { | |
double interest = 1; | |
for (; years > 0; years--) { | |
interest *= (1 + annualRate); | |
} | |
return invest * interest; | |
} | |
// we define an assertion function that will assert that a number n is real and between | |
// 0 and 100 | |
void assertReal(int n) { | |
if (n < 0 || n > 100) { | |
throw ("Value is Not a Real Number"); | |
} | |
} | |
// okay, now with the function defined all we are going to need to do is apply it. | |
int main() | |
{ | |
// let us consider the problem statement that we are given. we are required to compute | |
// the interest of a E100 investment with interst of 5%, we are to print the interest | |
// accumulated after 10years | |
// so let us make a functionality to allow a user to enter the values that will then be | |
// computed here. considering the problem, we are required to enter only the interest rate | |
// so we will make a prompt for just that | |
int rate = 0; | |
// we will cout a prompt so that user knows what to enter | |
std::cout << "Please enter your anual interest rate below" << std::endl; | |
std::cin >> rate; | |
// once the interest rate is entered we should validate it to make sure that the value is a | |
// real number between 0 and 100 percent; | |
assertReal(rate); | |
std::cout << "Compound Interest After 10 Years - " << compoundInterest(100, 10, (double)rate / 100) << std::endl; | |
return 0; | |
} |
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