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begin
enter Principal amount(Input)
enter interest rate(Input)
calculate simple interest(Computation/Processing)
Display/Show/Print Give sound Simple Interest(output)
end
By Tomas Naxweka(Namibia)
There are three things you need to know in order to calculate simple interest: the principal amount, the rate and the time. When you have those numbers, use the formula I = Prt for the calculation.
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What is the algorithm and flowchart to calculate the simple interest for 5 customers?
algorithms is language independent
How do you copy a flowchart from the raptor program and paste it in a Microsoft word document?
As Microsoft Word is more leters and words it may not be the best way to do flowcharts in. If you choise to put a picture of a flowchart in Word then is should be a simple matter of copy and paste
One very best property of algorithm?
One of the best property of an algorithm is that it is simple. It can not be too long and ambiguous, it has to be straightforward, with understandable variables as used also in a pseudocode.
Advantages of algorithm over flowchart?
what are the advantages of algorithm over flowchart algorithm is a step by step procedure of a particular program either in pure english programming language or in english programming style. while a flowchart is a pictorial representation of an algorithm. why algorithm is better? the answer is very simple, as algorithm are concise and compact. it gives the basic idea behind the program. why flowchart is better? the answer to it is...being graphical it is easy to understand th methodology of program and can be reviewed as well as corrected easily.
How you can multiply 3x24 by using arrays?
Sir, your question is not clear. If you just want to multiply 3 and 24 then why are you trying to use arrays for such simple calculation.
What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
Is simple or compound interest faster?
Calculation of simple interest is faster in comparison to compound interest. In the latter, interest is added up with the principal amount and interest is charged on that added amount in the next period calculation.
What is the algorithm and flowchart to calculate the simple interest for 5 customers?
algorithms is language independent
A simple interest calculation provides a useful estimste of what compound interest will b if?
A simple interest calculation can provide a rough estimate of what the compound interest will be if the interest is calculated periodically and added to the principal. Compound interest considers interest on both the initial principal and the accumulated interest, resulting in higher returns compared to simple interest over time.
What interest applies when interest for each year is based on the amount of the loan or investment?
When each interest calculation uses the initial amount, this is called Simple Interest. The other type is Compound Interest, which uses the current balance as the basis for interest calculation.
How do you prepare a flowchart for computing and printing simple interest?
start input p,n,r as float read si,ci as float
Where could one find an online simple interest calculator?
If you are looking for an online simple interest calculator there are several sites that you can find this on. One site where you can is called Easy Calculation and will give you all the tools you need.
Write a C program which will ask the operator to enter amount to be invested for the period of investment and the rate of interest for simple interest and compound interest calculation?
Or you could just do the same thing in a spreadsheet without having to pay commercial rates for the program to be written for you
What is a simple calculation?
a even number
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What makes the simple interest simple?
It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.
Is the annual interest rate the same as simple interest?
Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.
