ex10_1.m

Programs for the book Advanced Engineering Mathematics using MATLAB, 2ndEd.

% EX10_1.M MATLAB solution of the compound interest equation
%    y(nT)=y(nT-T) + (p/100)*y(nT-T)
%     for p = 6 percent and initial deposit y0 = $ 1000
%   y(n) represents the balance after the nth year 
clear
format bank    % Show results as currency
a=1.06;        % Calculation for 5 years at 6% interest
y0 = 1000      % Initial deposit 
for n=1:5
 y(n) = a^(n)*y0
end