Q:

Write a PHP program to compute the amount of the debt in n months

hamza
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2022-05-18
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Write a PHP program to compute the amount of the debt in n months. The borrowing amount is $100,000 and the loan adds 5% interest of the debt and rounds it to the nearest 1,000 above month by month.

Input:
An integer n (0 ≤ n ≤ 100) .

Php programming,
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hamza
2022-05-18
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<?php
 fscanf(STDIN, '%d', $n);
$debt = 100000;
 
for($i=0; $i<$n; $i++){
  $debt = ceil(($debt * 1.05)/1000) * 1000;
}
echo "\nAmount of debt: ";
echo $debt. PHP_EOL;
?>

Sample Output:

Amount of debt: 137000

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