The annual interest due on your first balance of 115000 is 21850 dollars.
The annual interest due on your second balance of 15000 is 2850 dollars.
The annual interest due on your third balance of 177000 is 33630 dollars.
The annual interest due on your fourth balance of 10000 is 1900 dollars.
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<title>Assignment034</title>
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<?php
//Interest Calculation
//Set the variables and constants
define("INTEREST_RATE", .19);
$balance1=115000.00;
$balance2=15000.00;
$balance3=177000.00;
$balance4=10000.00;
//Calculate the annual interest amounts for each balance
$annualinterestamount1 = $balance1*INTEREST_RATE;
$annualinterestamount2 = $balance2*INTEREST_RATE;
$annualinterestamount3 = $balance3*INTEREST_RATE;
$annualinterestamount4 = $balance4*INTEREST_RATE;
//Display browser output
print("The annual interest due on your first balance of ".$balance1);
print(" is ". $annualinterestamount1). " dollars.";
print("<br><br>");
print("The annual interest due on your second balance of ".$balance2);
print(" is ". $annualinterestamount2). " dollars.";
print("<br><br>");
print("The annual interest due on your third balance of ".$balance3);
print(" is ". $annualinterestamount3). " dollars.";
print("<br><br>");
print("The annual interest due on your fourth balance of ".$balance4);
print(" is ". $annualinterestamount4). " dollars.";
print("<br><br><br><br><br><br>");
print show_source("Assignment034.php");
?>
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