Flowchart Of Calculating Simple Interest

In the following flowchart p is principle amount r is rate of interest n is number of years and i is used for simple interest. This is different from compound interest where interest is calculated on on the initial amount and on any interest earned. Input time in some variable say time.

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20000 input the rate of interest.

Flowchart of calculating simple interest. 1 5 the simple interest for the amount 20000 for 1 years 10 is. Find simple interest using formula si principle time rate 100. Simple interest calculation is one of the routine activity performed by banks. Print the simple interest.

A flow chart to calculate simple interest. Calculate interest by using the formula. To calculate simple interest start by multiplying the principal which is the initial sum borrowed by the loan s interest rate written as a decimal. 10 input the time.

Input rate in some variable say rate. Such interest is not added tothe value of the loan but is tracked separately. Input the principle. The flowchart for simple interest is attached below.

Finally print the resultant value of si. Draw a flowchart to calculate sum of two numbers. Read the values of principal amount time and rate of simple interest into the locations labelled as p t r. Loan takers from the bank pay the interest to the bank.

Asked aug 30 2018 in computer by arpita 71 7k points algorithms flowcharts. Simple interest is interest that is calculated only on theamount of unpaid principal on a loan. Read principal amount rate of interest and time period. Draw the flowchart to print sum of first 100 natural numbers.

Calculate the simple interest. 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. Compound interest is. Calculate s i ptr 100 4.

As you will see in the examples below the simple interest formula can be used to calculate the interest earned the total amount and other values depending on the problem. Write the current values of t and s i. Savings bank account holder gets interests on their deposits in bank. Set the count t to 1 implying the end of a year.

Then multiply that number by the total number of time periods since the loan began to find the simple interest. Logic to calculate simple interest input principle amount in some variable say principle. Calculate simple interest algorithm basic computer science 1.