Question: For each question bellow, follow the first 3 steps in the program development cycle we discussed in lecture video 1 . 2 . For step

For each question bellow, follow the first 3 steps in the program development cycle we discussed in lecture video 1.2.
For step 2, you can use either a flowchart or pseudocode. For step 3, you must adhere to the variable and coding
standards for variables and constants we discussed in lecture video 1.3.
a) Simple interest is calculated by the product of the principal, number of years, and interest, all divided by 100. Write
the Python code to calculate the simple interest on a principal amount of $10,000 for a duration of 5 years with the
rate of interest equal to 12.5% and displays it as Simple interest is $-VALUE-

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