Question

Write an algorithm to calculate simple interest.

Answer 1

C Program to find the simple interest Algorithm Step 1: Start Step 2: Read Principal Amount, Rate and Time Step 3: Calculate Interes

Hope this helps ❤️

Mark as brainliest ❤️

Answer 2

Write an algorithm to calculate simple interest.

Explanation:

Simple interest is calculated by following formula:

Simple Interest = (P x T x R)/100

Where,

P is the principle amount

T is the time

R is the rate

Following flowchart calculates simple interest.

Step 1: Start  

Step 2: Read Principal, Rate and Time  

Step 3: Calculate the simple interest by multiplying Principal, Rate and Time and divide them by 100, using formula  

SI= ((Principal*rate*time)/100)  

Step 4: Print Simple Interest  

Step 5: Stop