Question

Write a program to INPUT the principle value. Calculate the simple interest for 5 years according to the condition if the principle is greater than or equal 10,000 then take rate percent as 10% else take rate percent as 6%. Display the result with appropriate messages. FORMULA FOR Simple Interest = Principle X Rate X Time / 100

Pls pls NO IRREVERENT ANSWER​

Answer 1

Answer:

Simple Interest Formula

Simple Interest = (P × R × T)/100

P is Principal amount.

R is rate per annum.

T is time in years.

For example: Let’s say a man deposit 2000 INR in bank account at a interest rate of 6% per annum for 3 years, calculate the simple interest at the end of 3 years.

Simple interest = 2000*6*3/100 = 360 INR

Explanation:

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