27. A person invests $1000.00 in a saving account yielding 5% interest. Calculate and print the amount of money in the accounts at the end of each year for ten years.

Chapter 6: 

Looping Structures

Programming Exercise

Problem # 27:

A person invests $1000.00 in a saving account yielding 5% interest. Assuming all interest is left deposit in the account, calculate and print the amount of money in the accounts at the end of each year for ten years. Formula: (a = p(1+r)^n). where
p    original amount invested
r    Annual Interest rate
n    Number of years
a    Amount on deposit at the end of nth years

Solution:

#include<iostream>
#include<conio.h>
#include<math.h>
using namespace std;
int main()
{
    long int p, r, n, a;
    p=1000;
    for(n=1;n<=10;n++)
    {
        a=p*(pow(1+0.05,n));
        cout<<"\n Amount of money in the account at the end of the "<<n<<" year:"<<a;
    }
    getch();
}

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