# computer science

posted by .

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

• computer science -

Does the question require you to write a program? What language/tool do you use? Can you tell us where we can be of help?

• computer science -

I need to write the code in Visual basic 8

• computer science -

So drag 2 textboxes for the principal and interest rate. Drag a listbox for the output.
Finally, drag a button that displays the word "calculate".

Double click on the button to get to the onClick method.

Inside the onClick method, import the values entered in the two textboxes (principal and interest rate) and start the calculate the accumulated amount with a for-loop, and voila!

Give it a try and if you have problems, post where you need help!

## Respond to this Question

 First Name School Subject Your Answer

## Similar Questions

1. ### Math

Help! Toshiro Hashimoto invested some money at 4.5% simple interest and \$1000 more than four times the amount at 6%. His total annual income for one year from interest on the two investments was \$801. How much did he invest at each …
2. ### Math

Betsy, a recent retiree, requires \$6,000 per year in extra income. She has \$60,000 to invest and can invest in B-rated bonds paying 13% per year or in a certificate of deposit (CD) paying 3% per year. How much money should be invested …
3. ### Visual Basic 2008 Programming

Help! I'm not sure how to start or how calculate. This is the project. Using For Next Loops. - When \$1000 is deposited at 5 percent simple interest, the amount grows by \$50 each year. When money is invented at 5 percent compound interest, …
4. ### math

Sam invested \$5000 in a GIC earning 8% compound interest per year. The interest gets added to the amount invested, so the next year Sam gets interest on the interest already earned as well as on the original amount. How much will Sam's …
5. ### Alg2

Help....Help... Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank makes interest payments n times every year, the …
6. ### Alg 2

Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank makes interest payments n times every year, the amount of money …
7. ### algebra

A total of \$12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is \$1,180, how much of the \$12,000 is invested at each rate?
8. ### College Algebra

A total of \$14,000 is invested in 3 accounts earning 3%, 4%, and 5% annual interest. The combined interest for one year is \$539. If the amount invested at 5% is three times the amount at 4%, find the amount invested at 3%.
9. ### Algebra

A total of \$7000 is invested in three accounts. Some was invested at 6%, some at 8%, and the rest at 9%. find the amount invested at each rate if the total interest for one year was \$555 and the amount invested at 8% was three times …
10. ### BEHRIA

A SUM OF \$8000 IS INVESTED IN A SAVING ACCOUNT WHICH PAY THE INTEREST AT COMPOUNDED ANNUALLY .IF THE AMOUNT OF IN KEPT ON DEPOSIT FOR 6 YEAR WHAT WILL THE COMPOUND AMOUNT EQUAL?

More Similar Questions

Post a New Question