Interest Calculations part in asp.net

hi,

to calculate simple interest use following formula
I = p*r*t

where I = interest, p = principle amount, r interest rate and t = time in year.

put this formula in C# code...

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Vulpes13y ago

You can use this method:

double GetSimpleInterestRate(double principal, double total, int numPeriods)

{

return 100.0 * (total - principal)/principal/numPeriods;

}

For example:

double principal = 1000;

double total = 1200; // principal plus interest

int numPeriods = 4;

double intRate = GetSimpleInterestRate(principal, total, numPeriods); // 5% per period

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