Question

Algorithm to find compound interest

Answer 1

=> Write down the P ( principal ) , r ( rate of interest ) , t ( time )

=> If simple interest is given then note it down also and if not given then find it using the formula Simple interest = ( P× r × t ) / 100

=> Now calculate the amount by the formula Amount = P + Simple interest

=> Now finally calculate the compound interest by subtracting it i.e

Compound Interest = Amount - Principal

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● Formulas should be written correctly

Have a clear look of the formulas

Answer 2

ya, there is the method from which we can find algorithm to find the compound interest