Data Structure
Networking
RDBMS
Operating System
Java
MS Excel
iOS
HTML
CSS
Android
Python
C Programming
C++
C#
MongoDB
MySQL
Javascript
PHP
Physics
Chemistry
Biology
Mathematics
English
Economics
Psychology
Social Studies
Fashion Studies
Legal Studies
- Selected Reading
- UPSC IAS Exams Notes
- Developer's Best Practices
- Questions and Answers
- Effective Resume Writing
- HR Interview Questions
- Computer Glossary
- Who is Who
Write C program to calculate balance instalment
Problem
Write a C program to calculate a balance installment that is to be paid after every month for a particular loan amount (with interest).
Solution
Following is the formula to calculate interest when the loan amount is given −
i=loanamt * ((interest/100)/12);
Following calculation gives amount with interest −
i=i+loanamt; firstmon=i-monthlypayment; //first month payment with interest i=firstmon * ((interest/100)/12);
Program
#include<stdio.h>
int main(){
float loanamt,interest,monthlypayment;
float i,firstmon,secondmon;
printf("enter the loan amount:");
scanf("%f",&loanamt);
printf("interest rate:");
scanf("%f",&interest);
printf("monthly payment:");
scanf("%f",&monthlypayment);
//interest calculation//
i=loanamt * ((interest/100)/12);
//amount with interest
i=i+loanamt;
firstmon=i-monthlypayment; //first month payment with interest
i=firstmon * ((interest/100)/12);
i=i+firstmon;
secondmon=i-monthlypayment; //second month payment with interest
printf("remaining amount need to pay after 1st installment:%.2f
",firstmon);
printf("remaining amount need to pay after 2nd installment:%.2f
",secondmon);
return 0;
}Output
enter the loan amount:45000 interest rate:7 monthly payment:1000 remaining amount need to pay after 1st installment:44262.50 remaining amount need to pay after 2nd installment:43520.70
Updated on: 05-Mar-2021
611 Views
Advertisements