Flowchart And Algorithm Of Simple Interest

Read the values of principal amount time and rate of simple interest into the locations labelled as p t r. An algorithm is a step by step analysis of the process while a flowchart explains the steps of a program in a graphical way. Algorithm and flowcharts helps to clarify all the steps for solving the problem.

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Read principal amount rate of interest and time period.

Flowchart and algorithm of simple interest. A flowchart is the graphical or pictorial representation of an algorithm with the help of different symbols shapes and arrows in order to demonstrate a process or a program. Difference between flowchart and algorithm. Difference between flowchart and algorithm is the same as the difference between a movie and its story or the difference between a fiction novel and the story or the difference between a comics or the story. We can easily understand the whole program by this algorithm.

Algorithms and flowcharts are two different tools used for creating new programs especially in computer programming. Step 2 read principal amount rate and time. Tips for creating algorithm flowcharts 1. Adding shapes in flowcharts.

With algorithms we can easily understand a program. Simple interest calculation of savings bank accounts or loan accounts is described using flowchart. The algorithm to calculate the simple interest and compound interest is as follows. A flow chart to calculate simple interest prev.

Set the count t to 1 implying the end of a year. Calculate interest by using the formula. Algorithm to find simple interest. The flowchart for simple interest is attached below.

Algorithm and flowchart are the powerful tools for learning programming. Share it on facebook twitter email. Step 3 calculate interest using formula si amount rate time 100 step 4 print simple interest. Answered aug 30 2018 by sunidhibharti 88 9k points selected aug 30 2018 by faiz.

Algorithm and flowchart 1 c program to find the simple interest algorithm step 1 step 2 step 3 step 4 step 5 start read principal amount rate and time algorithm and flowchart 1 c program to find the simple. Flowchart of simple interest. While drawing flowcharts with edraw flowchart maker shapes can be simply dragged and dropped beside the box at any direction right left up or below with the help of mouse and they will be connected by arrows automatically. Calculate simple interest algorithm basic computer science.

Click the icon on the side of the box shapes will be added. As shown in this picture. Step 5 stop cpp program to find compound interest for given values. Print the simple interest.

The main purpose of a flowchart is to analyze different processes.