Question

Write an algorithms to calculate the simple interest using the formula

Answer 1

Calculate simple interest -algorithm, Basic Computer Science

Read the values of principal amount, time and rate of simple interest into the locations labelled as P, T, R.

• Set the count T to 1 implying the end of a year.
• Calculate. S.I = PTR/100.
• Write the current values of T and S.I.
• Increase T by 1.
• If T≤5, complete the steps from 3 to 6.
• Else, stop.

Answer 2

Answer:

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