Question

Write an algorithm for calculating simple interest.

Answer 1

Algorithm for calculating simple Interest:

Step 1: Start

Step 2: Input P, T and R

Step 3: Simple Interest = ( P * T * R ) / 100

Step 4: Print Simple Interest

Step 5: Stop

Answer 2

Step 1: Start

Step 2: Input P, T, R

Step 3: Simple Interest = ( PTR ) / 100

Step 4: Print Simple Interest

Step 5: Stop