Simple Loan Interest in C

 Machine Problem in C

Write a C program to input principal amount, time and rate  (P, T, R) from user and find simple interest of a loan.

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Program Listing

/* simple_interest.c

Machine Problem in C

Write a C program to input principal amount, time and rate 
(P, T, R) from user and find simple interest of a loan.

Mr. Jake Rodriguez Pomperada, MAED-IT, MIT
www.jakerpomperada.com
www.jakerpomperada.blogspot.com
jakerpomperada@gmail.com
Bacolod City, Negros Occidental Philippies
*/

#include <stdio.h>
#include <stdlib.h>

int main()
{
    double principal_amount=0.00, time=0.00, rate=0.00;
    double simple_interest = 0.00;
    
    printf("\n\n");
    printf("\tSimple Loan Interest in C");
    printf("\n\n");
    printf("\tGive Principal Amount     : ");
    scanf("%lf", &principal_amount);
    
    printf("\n");
    printf("\tGive Time Duration        : ");
    scanf("%lf", &time);
    printf("\n");
    printf("\tGive Annual Interest Rate : ");
    scanf("%lf", &rate);

    /* Calculate simple interest */
    simple_interest = (principal_amount * time * rate) / 100;

    printf("\n");
    printf("\tThe Simple Interest is $ %2.2lf",simple_interest);
    printf("\n\n");
    system("pause");
    
}