February 22, 2017

Homework Help: computer science

Posted by James Starr on Sunday, March 27, 2011 at 1:15am.

When $1000 is deposit at 5% simple interest, the amount grows by $50 each year. When money is invested at 5% compound interest, then the amount at the end of each year is 1.05 times the amount at the beginning of the year. Write a program to display the amounts for 10 years for a $1000 deposit at 5% simple and compound interest. The first few lines displayed in the list box should appear as such:
year Amount Amount
Simple Compound
Interest Interest
1 $1,050.00 $1,050.00
2 $1,100.00 $1,100.00
3 $1,150.00 $1,570.63

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