Question

Write an Algorithm for Simple Interest.​

Answer 1

Explanation:

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.

Answer 2

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:

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