Assuming there are no deposits other than the original investment, the balance in a saving account after one year may be calculated as Amount=Principal * (1+ Rate / T)T principal -balance in the saving account, Rate -the interest rate, T - number of times the interest is compounded during a year. Write a program that asks for : the principal, the interest rate, and the number of times the interest is compounded. It should display a report similar to Interest Rate: 4.25% Times Compounded: 12 Principal: $ 1000.00 Interest: $ 43.34 Amount in Savings: $ 1043.34
Max Function
Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.
Power Function
A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:
Assuming there are no deposits other than the original investment, the balance in a saving account after one year may be calculated as
Amount=Principal * (1+ Rate / T)T
principal -balance in the saving account,
Rate -the interest rate,
T - number of times the interest is compounded during a year.
Write a
the principal, the interest rate, and the number of times the interest is compounded. It should display a report similar to
Interest Rate: 4.25%
Times Compounded: 12
Principal: $ 1000.00
Interest: $ 43.34
Amount in Savings: $ 1043.34
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