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PHP Exercises: Compute the amount of the debt in n months

PHP: Exercise-50 with Solution

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) .

Sample Solution: -

PHP Code:

<?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

Flowchart:

Flowchart: Compute the amount of the debt in n months

PHP Code Editor:

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Previous: Write a PHP program which solve the equation. Print the values of x, y where a, b, c, d, e and f are given.
Next: Write a PHP program which reads an integer n and find the number of combinations.

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PHP: Tips of the Day

Returns all elements in an array except for the first one

Example:

<?php
function tips_tail($items)
{
  return count($items) > 1 ? array_slice($items, 1) : $items;
}

print_r(tips_tail([1, 5, 7]));
?>

Output:

Array
(
    [0] => 5
    [1] => 7
)