Question: Develop an algorithm in the form of a Raptor flowchart to compute and display the total interest accumulated on a loan. The interest rate depends

 Develop an algorithm in the form of a Raptor flowchart to

Develop an algorithm in the form of a Raptor flowchart to compute and display the total interest accumulated on a loan. The interest rate depends on the initial amount of the loan (i.e. principal), the duration of the loan (the number of years before the loan is expected to be repaid), and the prime interest rate. Interest is applied yearly according to the schedule given below. Note that the interest is applied on the principal only. The expected input/output behavior of the algorithm is illustrated below for two examples: Principal : $80000 Prime: 3\% Duration: 3 Years Interest : $7200 Principal: $1600000 Prime: 4\% Duration: 8 Years Interest : $1256000

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