Program to enter the principal, rate & time and print the simple interest
cout << "Enter the principal, rate & time : " << endl;
cout << "Principal = $" << principal << endl;
cout << "Rate = " << rate << "%" << endl;
cout << "Time = " << time << " years" << endl;
cout << "Simple Interest = $" << sinterest << endl;
This program takes in the prinicipal, rate and time as a screen input from the user.
The program is executed (run) 5 times using the 'FOR' loop.
It calculates the simple interest using the formula I = PTR/100.
The principal, rate, time and the simple interest are then outputted using the 'cout' command.
1000 5 3
Principal = $1000
Rate = 5%
Time = 3 years
Simple Interest = $150