How To Calculate Simple Interest Using Algorithm Complete Guide

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how to calculate simple interest using algorithm. Input principle amount in some variable say principle. Lets say a man deposit 2000 INR in bank account at a interest rate of 6 per annum for 3 years calculate the simple interest at the end of 3 years.

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When you know the principal amount the rate and the time the amount of interest can be calculated by using the formula. P is the principal amount. 10 Input the Time.

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Flowchart to Calculate Simple Interest Here P Principal. Calculate Interest using formula SI. For the above calculation you have. To calculate simple interest we use the following formula P R T 100.