6 Write an algorithm and draw a flowchart to calculate the simple interest
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Answer:
Algorithm is a stepwise “set of rules” to be followed in ‘calculations’ used by computer especially. It is a ‘step by step’ process and simple way to find output of the program. We can easily understand the whole program by this algorithm.
Algorithm to find simple interest:
1. Start the program.
2. Read Principal amount, rate of interest and time period.
3. Calculate interest by using the formula.
\bold{\text {Simple interest} =(\text { Principal amount } \times \text { rate of interest } \times \text { time period }) / 100}
4. Print the simple interest.
5. Stop the program.
The flowchart for simple interest is attached below.
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