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2 years ago

This is an example of what type of formula?

Computers and Technology

1 answer:

Sidana [21]2 years ago

5 0

The type of formula that is represented by the given example =(D1+D17) in excel is known as; The SUM Formula function

What are functions in excel?

There are different types of formula functions in excel such as;

SUM

COUNT

COUNTA

TRIM

MAX & MIN

Now, in this question, the formula we are given is =(D1+D17) and the example it represents is the SUM formula function.

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3 years ago

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3 years ago

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Write a program to read customer number, Name, loan amount, interest rate and time of repayment. Calculate and display the EMI .

kompoz [17]

Answer:

The programming language is not stated; however, I'll answer this question using Python programming language.

This program doesn't make use of comments (See Explanation Section for detailed explanation)

The program is as follows

name = input("Customer Name: ")

number = input("Customer Number: ")

loan = float(input("Loan Amount: "))

rate = float(input("Interest Rate: "))

time = int(input("Repayment Time [in months] : "))

Interest = loan * (1 + rate/100) ** time

EMI = (Interest + loan)/time

print("EMI: ", end='')

print(round(EMI,2))

Explanation:

This line prompts for customers' name

name = input("Customer Name: ")

This line prompts for customers'number

number = input("Customer Number: ")

This line prompts for loan amount

loan = float(input("Loan Amount: "))

The line prompts for the interest rate

rate = float(input("Interest Rate: "))

This line prompts for time of loan repayment

time = int(input("Repayment Time [in months] : "))

Using the given formula, this line calculates the interest amount

Interest = loan * (1 + rate/100) ** time

The EMI is calculated using this line

EMI = (Interest + loan)/time

This line prints the string "EMI: " without the quotes

print("EMI: ", end='')

The last line of the program prints the calculated value of EMI, rounding it up to 2 decimal places

print(round(EMI,2))

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4 years ago