Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
14.4%
112,000
18.90currency as an interest..
1.5 or 1.50
56.72
0.75% is greater than 0.01%
14.4%
32
0.04849%
112,000
To calculate an interest (as money), multiply the capital, times the interest rate (divided by 100, if it is expressed in percent), times the number of periods. The above assumes simple interest; compound interest is a bit more complicated.
18.90currency as an interest..
1,773.60
1.5 or 1.50
56.72
1500 dollars
calculate 10% of number ($2950.00 x 10% = 295.00) then divide it by 12.