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Calculate one year of simple interest

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Reference no: EM132261264

Investment Method

  • Create the logic for a program that helps a user to calculate one year of simple interest.
  • Create an appropriately named method to:
  1. Input the amount the user is investing (principal)
  2. calculate one year of interest at a rate of 7% (the formula is quite simple, interest is the amount invested times 0.07)

iii. output the interest

  • Be aware that any variables required by the method must be declared in the body of the method, not after start like we have been doing up to now.
  • Call the method in the main code body (the code between start and stop).

Flowchart and pseudo code assistant please.

Reference no: EM132261264

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