Question

write algorithm to find the simple interest using the principal, rate and time.​

Answer 1

Answer:

The algorithm to calculate the simple interest and compound interest is as follows:

Step 1:Start.

Step 2:Read Principal Amount, Rate and Time.

Step 3:Calculate Interest using formula SI= ((amount*rate*time)/100)

Step 4:Print Simple Interest.

Step 5:Stop. // CPP program to find compound interest for. // given values.

Explanation:

Hope it helps you.

Answer 2

Explanation:

Step 1 Start

Step 2 Accept Principal as P, Rate as R and Time as T

Step 3 Multiply P,R,T to store it as S.I

Step 4 Divide it by 100

Step 5 Display S.I

Step 6 Stop

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