Draw a flowchart and write a 'C' program to input principal, rate of interest and time for a loan.
Calculate and print the interest and amount for a given sum after 5 years.
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Simple Interest calculation is one of the routine activity performed by Banks. Savings Bank account holder gets interests on their deposits in bank. 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.
Formula to calculate Simple Interest (I) based on given P, R and N is as under
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