The principal and the rate of simple interest per month. Write an algo – InterviewSolution

InterviewSolution

1.	The principal and the rate of simple interest per month. Write an algorithm to calculate cumulative simple interest at the interest at the end of each year for 1 to 10 year and drawa flowchart
Answer» Solution :STEP 1: READ the values of principle (p) rate of INTEREST (R) and time period (T) step 2: TAKE T=1 step 3: SI `=(12xxPxxTxxR)/(100)` step4: print the SI step 5: if T `lt` 10 then complete steps 3,4,5 step 6: otherwise stop the program step 7: CALCULATE T=T+1

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