Question

Write a algorithm for compound interest

Answer 1

Answer:

Algorithm for compound interest

Step 1: Start Step 2: Read 3 number for p, n, r Step 3: Calculate C.I = p × (1 + r/100)n – p Step 4: Print “The compound Interest = C.l” Step 5: StopRead more on Sarthaks.com - https://www.sarthaks.com/1110932/write-an-algorithm-to-calculate-the-compound-interest-c-l-p-1-r-100-n-p

Answer 2

Answer:

ALGORITHM FOR COMPOUND INTEREST:

a = p(1 + r/100)^n

where a = amount

p = principal

r = rate

n = time

Explanation:

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