Draw a flowchart for an application that will calculate and display the amount of simple interest an individual will pay on a home loan for the duration of the loan. Input the values for the principal amount, rate of interest and time period for the home loan. Use the formula SI=PRT where SI = Simple Interest in Rands P= Principal (the initial amount of the loan) R = Rate of Interest (%) T = Time Period (years)

Draw a flowchart for an application that will calculate and display the amount of simple interest an individual will pay on a home loan for the duration of the loan. Input the values for the principal amount, rate of interest and time period for the home loan. Use the formula SI=PRT where SI = Simple Interest in Rands P= Principal (the initial amount of the loan) R = Rate of Interest (%) T = Time Period (years)

Programming Logic & Design Comprehensive

9th Edition

ISBN:9781337669405

Author:FARRELL

Publisher:FARRELL

Chapter6: Arrays

Section: Chapter Questions

Problem 10PE

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Concept of flowchart

A flow chart diagram is a collection of symbols that represents the steps involved in a process. It is a generic tool that can be adapted for various purposes. It is one of the most common process analysis tools. It is used for the graphical analysis of an algorithm. It helps to represent the flow of the process from the input to output. A flowchart that represents the workflow of activities is known as an activity diagram.There are so many ways that can help people to understand computer technologies and their applications. One of them is a flowchart diagram.

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Programming logic and design

Draw a flowchart for an application that will calculate and display the amount of
simple interest an individual will pay on a home loan for the duration of the loan.
Input the values for the principal amount, rate of interest and time period for the
home loan.
Use the formula SI=PRT where
SI = Simple Interest in Rands
P = Principal (the initial amount of the loan)
R = Rate of Interest (%)
T = Time Period (years)

Process by which instructions are given to a computer, software program, or application using code.

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