Question

create the logic for a program that calculates and displays the amount of money you would have if you invested $5000 at 2 percent simple interest for one year. create a separate method to do the calculation and return the result to be displayed.

Answer 1

start
Declarations
num balance
balance = computeBalance()
output "After one year the balance is", balance
stop
balance = computeBalance()
num computeBalance()
Declarations
num balance
num PRINCIPAL = 5000
num INTEREST_RATE = 0.02
balance = PRINCIPAL * (1 + INTEREST_RATE)
return balance