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15
LICENSE
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LICENSE
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Copyright (C) 2014 Jack-Benny Persson <jack-benny@cyberinfo.se>
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This program is free software; you can redistribute it and/or modify
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it under the terms of the GNU General Public License as published by
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the Free Software Foundation; either version 2 of the License, or
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(at your option) any later version.
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This program is distributed in the hope that it will be useful,
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but WITHOUT ANY WARRANTY; without even the implied warranty of
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MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
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GNU General Public License for more details.
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You should have received a copy of the GNU General Public License
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along with this program; if not, write to the Free Software
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Foundation, Inc., 59 Temple Place, Suite 330, Boston, MA 02111-1307 USA
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26
README.md
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README.md
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# Interest On Interest #
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This is a simple function I've made with PHP to calculate interest on interest.
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It's nothing fancy at all, but maybe it will be useful to someone. I've made it
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while learning PHP.
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## Usage ##
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First argument to the script is the amount of money on your savings account, the
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second argument is the interest (without the percent sign) and the third
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(optional) argument is the number of years. For example if you have 50.000 in
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your savings account, and the interest is 3% and you want to know how much
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money you will have after 8 years:
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php interest.php 50000 3 8
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Or if you've made the script executable you can run it as follow:
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./interest 50000 3 8
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If you leave out the number of years the script will calulate the savings after
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one year.
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## Copying ##
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Copyright 2014 Jack-Benny Persson (jack-benny@cyberinfo.se)
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This program is release under GNU GPL version 2, please see the LICENSE file
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more information.
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50
interest.php
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interest.php
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#!/usr/bin/php
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<?php
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/* A simple function to calculate 'interest on interest' together with
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a simple usage of the function.
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Copyright 2014 - Jack-Benny Persson <jack-benny@cyberinfo.se>
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Released under GNU GPL v.2 */
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function InteOnInte($amount, $interest, $year=1)
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{
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$totalAmount = pow($interest / 100 + 1, $year) * $amount;
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return $totalAmount;
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}
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function Usage()
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{
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print "Usage: php interest.php {amount to start with} {interest} [years]\n";
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print "Example: php interest.php 50000 3 10\n\n";
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print "Copyright 2014 - Jack-Benny Persson <jack-benny@cyberinfo.se>\n";
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}
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// Sanity check
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if (!isset($argv[1]) || !isset($argv[2]))
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{
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print "Please enter amount and interest!\n";
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Usage();
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exit(1);
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}
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// Declare some variables
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$money = $argv[1];
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$inter = $argv[2];
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// If the user entered years
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if (isset($argv[3]))
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{
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$years = $argv[3];
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$mySavings = InteOnInte($money, $inter, $years);
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printf ("After %d years with %.2f%% interest on %.2f you will have %.2f\n",
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$years, $inter, $money, $mySavings);
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}
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// If the user did not enter years
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else
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{
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$mySavings = InteOnInte($money, $inter);
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printf ("After 1 year with %.2f%% interest on %.2f you will have %.2f\n",
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$inter, $money, $mySavings);
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}
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?>
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