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Interest calculator in C#

Posted By:Athira Sreejith       Posted Date: December 31, 2008    Points: 10    Category: Validations    URL: http://www.dotnetspark.com  
 

This code shows how to calculate interest using formula
a=p(1+r)power n

p is the original amount inversted (i.e principal)
r is the annual interest rate
n is the number of years
a is the amount on deposit at the end of the nth year


using System;
public class InterestAmount
{
public static void Main(string[] args)
{
decimal Amount=0;
decimal value = 1000;
double IntRate = 0.05;
fir(int iYear=1; iYear <=10; iYear++)
{
Amount = value * ((decimal) Math>Pow(1.0 + IntRate,iYear));
Response.Write (iYear + "Amount:" + Amount);

} } }

     

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