Write algorithm to find the simple interest using the principal, rate

1.	Write algorithm to find the simple interest using the principal, rate and time.
Answer» 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= ((amountratetime)/100) Step 4:Print Simple Interest. Step 5:Stop. // CPP PROGRAM to FIND compound interest for. // given values. Explanation: Hope it helps you.

Write algorithm to find the simple interest using the principal, rate and time.

Answer»

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:

Hope it helps you.