Sorry for bothering yall, I just need help if you dont mind. Im new to c++ programming and I need some help. I tried using other references like some books that i have but they didnt really help.

Title: Interest Earned

Assuming there are no deposits other than the original investment, the balance in a savings account after one year may be calculated as

Amount = Principal * ( 1 + Rate/T ) ^T

where Principal is the balance in the account, Rate is the annual interest rate, and T is the number of times the interest is compounded during a year. (e.g., T is 4 if the interest is compounded quarterly.)

Write a program that asks for the principal, the interest rate, and the number of times the interest is compounded. It should display a report similar to the following:

Interest Rate: 4.25%

Times Compounded: 12

Principal: $1000.00

Interest: $43.33

Final Balance: $1043.33

Here is what I have done but I cant finish because Im getting all these errors

Im using Dev C++ for this.

Heres what i got:

Thanks for looking and helpingCode:#include <cstdlib> #include <iostream> using namespace std; int main() { double TimesCom = 0.0; double InterestRate = 0.0; double Principal = 0.0; double Interest = 0.0; double FinalBalance = 0.0; cout << "Enter the principal balance in the account: "; cin >> Principal; cout << "Enter the annual interest rate percentage: "; cin >> InterestRate; cout << "Enter the number of times the interest is compounded (months): "; cin >> TimesCom; //This is where i have trouble I tried the using the formula above Amount(final balance) = Principal * ( 1 + Rate/T ) ^T InterestRate = InterestRate / 100; // This is where i need help I did this to see to find the final balance but it doesnt let me compile because of some problems with it FinalBalance = Principal * (1 + (InterestRate / TimesCom))^TimesCom; //I also tried using the pow to get the TimesCom to the power of the formula like so FinalBalance = Principal * pow(1 + (InterestRate / TimesCom), TimesCom); //but once i get the Final Balance I assume this is how i get the output of the interest Interest = FinalBalance - Principal; cout << "Interest Rate: " << InterestRate << endl; cout << "Times Compounded: "<< TimesCom << endl; cout << "Principal: "<< Principal << endl; cout << "Interest: " << Interest << endl; cout << "Final Balance: " << FinalBalance << endl; system("PAUSE"); return EXIT_SUCCESS; } /* This is what the outcome should be Interest Rate: 4.25% Times Compounded: 12 Principal: $1000.00 Interest: $43.33 Final Balance: $1043.33 */