Page 207 - Mathematics GRADE 9, DE-STREAMED (MTH1W)

amountOfLoan = 0.00
borrowingTime = 0
interestRate = 0.00
output “Enter the amount of the loan.”
store user input as amountOfLoan
output “Enter the borrowing time for the loan in years.” store user input as borrowingTime
output “Enter the annual interest rate as a percentage.” store user input as interestRate
interestRate = interestRate/100
compoundPeriods = borrowingTime * 12
totalCost = amountOfLoan * (1 + interestRate/12)^compoundPeriods
totalInterest = totalCost - amountOfLoan
output “The total amount paid at the end of the loan would
be” totalCost
output “The total interest paid would be” totalInterest
Pseudocode does not represent a specific programming language. It can be adapted to work with a variety of programming languages and/or environments.
F1.4 Financial Decisions
modify budgets displayed in various ways to reflect specific changes in circumstances, and provide a rationale for the modifications
Teacher supports
Examples
• ways of displaying a budget: o budget template:
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