I wrote the following program, but my compiler (dev-cpp) says thereis an error w

Question

I wrote the following program, but my compiler (dev-cpp) says thereis an error with the float command. I am unsure how to solveit.

// Interest Calc.cpp
// To calculate amount gained or lost in interest
#include <iostream>
using namespace std;
int main()
   {float Initial_Amount, Interest, Compoundments, Time,Total_Amount, Net_Change, Net_Change_Year, Net_Change_Month,Net_Change_Day;
   cout << "Enter the Initial Amount: ";
   cin >> Initial_Amount;
   cout << "Enter Intrest (%): ";
   cin >> Interest;
   cout << "Number of Compoundments (Years): ";
   cin >> Compoundments;
   cout << "Time (Years): ";
   cin >> Time;
   Total_Amount =(Initial_Amount*(1+((Interest/100)/Compoundments))^(Compoundments*Time));
   Net_Change = Total_Amount - Initial_Amount;
   Net_Change_Year = Net_Change / Time;
   Net_Change_Month = Net_Change / (Time * 12);
   Net_Change_Day = Net_Change / (Time * 365);
   cout << " This will result in a net change of $"<< Net_Change << " through this investment. ";
   cout << " This comes out to be an average of $"<< Net_Change_Year << " a year, $"<<Net_Change_Month << " a month, or $" <<Net_Change_Day << " a day. ";
   system("pause");
   return 0;
   }
  

Explanation / Answer

please rate - thanks C++ does not have an operator for exponentiation. you must use the function pow which takes 2 float parameters and isin the math library itis             pow(base,exponent)        so    nm     would be    pow(n,m) I'm not sure I got your equation correct, since I don't know theformula) but it compiles // Interest Calc.cpp // To calculate amount gained or lost in interest #include #include using namespace std; int main()    {float Initial_Amount, Interest, Compoundments, Time,Total_Amount, Net_Change, Net_Change_Year, Net_Change_Month,Net_Change_Day;    cout > Initial_Amount;    cout > Interest;    cout > Compoundments;    cout > Time; Total_Amount =Initial_Amount*pow((1+((Interest/100)/Compoundments)),Compoundments*Time);    Net_Change = Total_Amount - Initial_Amount;    Net_Change_Year = Net_Change / Time;    Net_Change_Month = Net_Change / (Time * 12);    Net_Change_Day = Net_Change / (Time * 365);    cout

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