Problem
Draw a flowchart for an application that will calculate and display the amount of (16) 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 (96)
T = Time Period (years)