PHP program to enter the P, T, R, and calculate its Compound Interest
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PHP program to enter the P, T, R, and calculate its Compound Interest. There are you will learn how to find the Compound Interest through P, T, R in PHP language.
Formula:
CI = P * pow((1 + R / 100), T)
Where:
P = Principal Amount
T = Time
R = Rate
CI = Compound Interest
Let us understand this example through the PHP program:
<?php
// PHP program to enter P, T, R, and calculate Compound Interest
$p = 5;
$t = 7;
$r = 9;
$CI = NULL;
// p = principle
// t = time
// r = rate
// CI = compound interest
// Calculate compound interest
$CI = $p * (pow((1 + $r / 100), $t));
// Output
echo "Compound Interest = " . $CI;
?>
Output Screen:
Compound Interest = 9.1401956040835