Question

Write an algorithm to input the principal and print the simple interest

Answer 1

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.