1 00:00:10,000 --> 00:00:11,000 Hello, friends. 2 00:00:11,000 --> 00:00:18,000 Today I will tell you how to find out the compound interest using formula node. 3 00:00:19,000 --> 00:00:22,000 So first I just go to the formula node. 4 00:00:26,000 --> 00:00:26,000 Over here. 5 00:00:26,000 --> 00:00:30,000 Just select formula node and press Ctrl H. 6 00:00:31,000 --> 00:00:37,000 In this you can find out different functions performed by the formula node. 7 00:00:37,000 --> 00:00:43,000 As you see, these are the different operations performed by the formula node. 8 00:00:43,000 --> 00:00:46,000 So just close this over here. 9 00:00:46,000 --> 00:00:49,000 We know that in the formula node. 10 00:00:51,000 --> 00:00:53,000 For the compound interest. 11 00:00:53,000 --> 00:00:56,000 The amount is equal to principal. 12 00:00:57,000 --> 00:00:58,000 In two. 13 00:01:00,000 --> 00:01:04,000 One plus r r is my rate of interest. 14 00:01:05,000 --> 00:01:06,000 OnePlus are. 15 00:01:07,000 --> 00:01:08,000 Divide by 100. 16 00:01:09,000 --> 00:01:11,000 Raise to be. 17 00:01:12,000 --> 00:01:16,000 So for power we use double. 18 00:01:17,000 --> 00:01:18,000 It will give me. 19 00:01:19,000 --> 00:01:22,000 The amount of compound interest. 20 00:01:22,000 --> 00:01:25,000 So over here, add input. 21 00:01:25,000 --> 00:01:26,000 So input is my p. 22 00:01:27,000 --> 00:01:32,000 Another input is my r, that is my rate of interest. 23 00:01:32,000 --> 00:01:39,000 Another input is my P, so just create control for this. 24 00:01:39,000 --> 00:01:40,000 That is my p. 25 00:01:41,000 --> 00:01:43,000 Create control for this. 26 00:01:43,000 --> 00:01:45,000 That is my r. 27 00:01:46,000 --> 00:01:49,000 It is now create control for this. 28 00:01:49,000 --> 00:01:50,000 It is my P. 29 00:01:51,000 --> 00:01:59,000 So now just add output and the output is amount. 30 00:01:59,000 --> 00:02:01,000 That is my total amount. 31 00:02:01,000 --> 00:02:10,000 If you want to calculate the compound interest that is it is CI and this is equal to amount minus principal. 32 00:02:11,000 --> 00:02:18,000 So in the case of formula node you just put colon semicolon. 33 00:02:18,000 --> 00:02:21,000 So create indicator. 34 00:02:21,000 --> 00:02:26,000 So now just check the output. 35 00:02:28,000 --> 00:02:30,000 So this is my output. 36 00:02:30,000 --> 00:02:31,000 Control you. 37 00:02:32,000 --> 00:02:40,000 So now A is equal to P into one plus R divided by 100 into T. 38 00:02:43,000 --> 00:02:45,000 This is my output. 39 00:02:45,000 --> 00:02:46,000 Let's check. 40 00:02:47,000 --> 00:02:49,000 Some error inside it. 41 00:02:50,000 --> 00:02:54,000 One plus R divided by 100 into T. 42 00:02:55,000 --> 00:02:55,000 So. 43 00:02:55,000 --> 00:02:59,000 Okay, so let's check what is the error inside this? 44 00:03:00,000 --> 00:03:07,000 Just click on error formula node undefined variable as you see right now. 45 00:03:07,000 --> 00:03:10,000 See I add output. 46 00:03:10,000 --> 00:03:11,000 That is my key. 47 00:03:11,000 --> 00:03:17,000 Okay, so now the variable broken arrow gone over here. 48 00:03:17,000 --> 00:03:19,000 This is my indicator. 49 00:03:20,000 --> 00:03:21,000 See is my. 50 00:03:22,000 --> 00:03:23,000 Compound interest. 51 00:03:24,000 --> 00:03:24,000 You will show me? 52 00:03:25,000 --> 00:03:27,000 So let's check. 53 00:03:27,000 --> 00:03:36,000 The rate of time is, let's say one rate of interest is 10% and the principal is 1000. 54 00:03:36,000 --> 00:03:41,000 So in this case, the compound interest should be 100. 55 00:03:42,000 --> 00:03:43,000 As you see. 56 00:03:43,000 --> 00:03:46,000 So now if you continuously run this. 57 00:03:47,000 --> 00:03:49,000 So as time goes. 58 00:03:51,000 --> 00:03:57,000 You can find out the compound interest and the total amount. 59 00:03:57,000 --> 00:03:57,000 Okay. 60 00:03:57,000 --> 00:04:01,000 So using this expression. 61 00:04:02,000 --> 00:04:06,000 You can find out the compound interest using formula node in LabVIEW. 62 00:04:07,000 --> 00:04:08,000 Thank you.