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Simple Interest

The Procedure

Real Lab Procedure 

  1. Variable "amount" is used to hold the principal amount. 
  2. Variable "Y" is used to hold the number of years that the amount is invested/borrowed.
  3. Variable "R" is used to hold the rate of interest per annum.
  4. Standard equation for calculating simple interest is "SI = (amount*Y*R)/100."

Simulator Procedure

  • Enter the input values. 
  • Click on the Submit button. 
  • Select the variables from the dropdown list.
  • Click on the Finish button or Start button to view the state diagram.
  • If you have clicked on the Start button then use Next and Previous button to view the State diagram.
  • Click on the Reset button when the State diagram is completed.