Write a C programming that accepts principal amount, rate of interest and days for a loan and calculate the simple interest for the loan, using the following formula.
interest = principal * rate * days / 365.
Sample Input:
10000
.1
365
0
Sample Output:
Input loan amount (0 to quit): Input interest rate: Input term of the loan in days: The interest amount is $1000.00
Input loan principal_amt (0 to quit):
#include<stdio.h>
int main()
{
float principal_amt, rate_of_interest, days, interest;
const int yearInDays = 365;
printf( "Input loan amount (0 to quit): " );
scanf( "%f", &principal_amt );
while( (int)principal_amt != 0)
{
printf( "Input interest rate: " );
scanf( "%f", &rate_of_interest );
printf( "Input term of the loan in days: " );
scanf( "%f", &days );
interest = (principal_amt * rate_of_interest * days )/ yearInDays;
printf( "The interest amount is $%.2f ", interest );
printf( " Input loan principal_amt (0 to quit): " );
scanf( "%f", &principal_amt );
}
return 0;
}