Hello, friends.
Today I will tell you how to find out the compound interest using formula node.
So first I just go to the formula node.
Over here.
Just select formula node and press Ctrl H.
In this you can find out different functions performed by the formula node.
As you see, these are the different operations performed by the formula node.
So just close this over here.
We know that in the formula node.
For the compound interest.
The amount is equal to principal.
In two.
One plus r r is my rate of interest.
OnePlus are.
Divide by 100.
Raise to be.
So for power we use double.
It will give me.
The amount of compound interest.
So over here, add input.
So input is my p.
Another input is my r, that is my rate of interest.
Another input is my P, so just create control for this.
That is my p.
Create control for this.
That is my r.
It is now create control for this.
It is my P.
So now just add output and the output is amount.
That is my total amount.
If you want to calculate the compound interest that is it is CI and this is equal to amount minus principal.
So in the case of formula node you just put colon semicolon.
So create indicator.
So now just check the output.
So this is my output.
Control you.
So now A is equal to P into one plus R divided by 100 into T.
This is my output.
Let's check.
Some error inside it.
One plus R divided by 100 into T.
So.
Okay, so let's check what is the error inside this?
Just click on error formula node undefined variable as you see right now.
See I add output.
That is my key.
Okay, so now the variable broken arrow gone over here.
This is my indicator.
See is my.
Compound interest.
You will show me?
So let's check.
The rate of time is, let's say one rate of interest is 10% and the principal is 1000.
So in this case, the compound interest should be 100.
As you see.
So now if you continuously run this.
So as time goes.
You can find out the compound interest and the total amount.
Okay.
So using this expression.
You can find out the compound interest using formula node in LabVIEW.
Thank you.