write an algorithm flowchart and program to calculate simple interest
Share
write an algorithm flowchart and program to calculate simple interest
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Loan takers from the bank pay the interest to the bank. In the following flowchart, P is Principle amount, R is Rate of Interest, N is number of years and I is used for Simple Interest. Here, P = Principal amount, R = Rate of Interest, N = No. of years and I = Simple Interest
Answer:
Algorithm to find simple interest:
Start the program.
Read Principal amount, rate of interest and time period.
Calculate interest by using the formula.
Print the simple interest.
Stop the program.
Explanation: