Compound-interest calculations with for. - CSharp Language Basics

CSharp examples for Language Basics:for

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Description

Compound-interest calculations with for.

Demo Code

using System;//from w w  w . j a  v  a2  s.c o m
class Interest
{
   static void Main()
   {
      decimal principal = 1000; // initial amount before interest
      double rate = 0.05; // interest rate
      // display headers
      Console.WriteLine("Year   Amount on deposit");
      // calculate amount on deposit for each of ten years
      for (int year = 1; year <= 10; ++year)
      {
         // calculate new amount for specified year
         decimal amount = principal * ((decimal)Math.Pow(1.0 + rate, year));
         // display the year and the amount
         Console.WriteLine($"{year,4}{amount,20:C}");
      }
   }
}

Result


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