Using only the sequential operations write an algorithm thatgets values for the

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Question

Using only the sequential operations write an algorithm thatgets values for the starting account balance B, annual interestrate I, and annual service charge S. You algorithm should outputthe amount of interest earned during the year and the final accountbalance at the end of the year. Assume that interest is compoundedmonthly and the service charge is deducted once, at the end of theyear.
Calculate compounded interest for 12 months and add. Using only the sequential operations write an algorithm thatgets values for the starting account balance B, annual interestrate I, and annual service charge S. You algorithm should outputthe amount of interest earned during the year and the final accountbalance at the end of the year. Assume that interest is compoundedmonthly and the service charge is deducted once, at the end of theyear.
Calculate compounded interest for 12 months and add.

Explanation / Answer

Input B as starting Accountbalance.a

Input AnnualInterest rate I.

Input annual servicecharge S.

Calculate Annual_i =A-B

Print annualinterest Annual_i

CalulateAccount_Balance = A-S

PrintAccount_Balance

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Using only the sequential operations write an algorithm thatgets values for the

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