Answer to Question #44783 in C# for Aman Kumar Saini

Question

Develop a program that accepts a deposit amount and period of deposit. Calculate the maturity amount after the period of deposit. The bank pays 4% interest per year for any deposits made in the bank.

Answer 1

using System;
using System.Collections.Generic;
using System.Linq;
using System.Text;
namespace maturity_amount
{
class Program
{
/// <summary>
/// Main method
/// </summary>
/// <param name="args"></param>
static void Main(string[] args)
{
//variable for deposit Amount
double depositAmount;
//variable for period
int period;
//variable for maturity Amount
double maturityAmount=0;
//promt user to enter deposit amount
Console.Write("Enter deposit amount: ");
//read deposit amount
depositAmount = double.Parse(Console.ReadLine());
//promt user to enter period of deposit
Console.Write("Enter period of deposit (in year): ");
//read period of deposit
period = int.Parse(Console.ReadLine());
maturityAmount = depositAmount;
//calculate maturityAmount
for (int i = 0; i < period; i++) {
maturityAmount += maturityAmount*0.04;
}
//show result
Console.Write("Maturity amount after the period of deposit: $" + maturityAmount.ToString());
//delay
Console.ReadLine();

}
}
}