1(a) Write an algorithm to calculate simple interest. Also draw flow chart for this algorithm (Hint : SI = (PTR)/100).

 Algorithm to Calculate Simple Interest

Algorithm Steps

1. Start

2. Read Principal Amount, Time, and Rate 

3. Calculate interest using the formula ((P*T*R)/100)

4. Print Simple Interest

5. Stop
   

   Flowchart:

   Start
   ↓
   Input P, T, R
   ↓
   Calculate SI = (P × T × R) / 100
   ↓
   Display SI
   ↓
   Stop