Golang How to calculate future compound interest in Golang

July 23, 2021 · 2 min read

This is an short tutorial about how to calculate compound interest in go language what is Compound Interest with formula Compound interest is used in calculating value of an amount in investment and finance domains. Complex interest is a an interest applied to principal, period for period of time. In mathematical terms, Compound interest has a formula Future Compound Interest Amount = principal × ((interest rate/100)+1) power of number Interest Amount = Future Compound Interest Amount - Amount principal : principal amount Interest rate: It is an percentage value (%) number is an period in years Let’s write program to calculate compound interest in golanguage In a program code,...