**AIM: **Write a C++ program that computes the simple intrest and compound intrest payable on principal amount of loan borrowed by the customer from bank for a given period of time at specific rate of intrest. Further determine the bank will benefit by charging simple intrest or compound intrest.

#include <math.h>

#include <iostream>

using namespace std;

int main()

{

int P,R,T;

double SI,CI;

cout<<“Enter the principal, time period & interest rate:\n”;

cin>>P>>R>>T;

SI=(P*R*T)/100;

CI=P*(pow(1+(double)R/100,T))-P;

cout<<“The S I is”<<SI<<endl;

cout<<“The C I is”<<CI<<endl;

if(SI<CI)

{

cout<<“Bank is Benefited by COMPOUND INTREST”;

}

else

{

cout<<“Bank is Benefited by SIMPLE INTEREST”;

}

return 0;

}

**OUTPUT:**

Enter the principal, time period & interest rate:

1000

12

2

The S I is 240

The C I is 254.4

Bank is Benefited by COMPOUND INTEREST