Question: Perform each of these steps:
1. Read the problem statement.
2. Formulate the algorithm using pseudocode and top-down, stepwise refinement.
3. Write a C program.
4. Test, debug and execute the C program.
(Interest Calculator) The simple interest on a loan is calculated by the formula interest = principal * rate * days / 365; The preceding formula assumes that rate is the annual interest rate, and therefore includes the division by 365 (days). Develop a program that will input principal, rate and days for several loans, and will calculate and display the simple interest for each loan, using the preceding formula. Here is a sample input/output dialog:
![2136_7].png](https://secure.tutorsglobe.com/CMSImages/2136_7].png)