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1. Create and design the flowchart and Python program that will ask for an input for the applicant name, address, contact number, principal, rate and

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1. Create and design the flowchart and Python program that will ask for an input for the applicant name, address, contact number, principal, rate and years. The program must be able to calculate and display the interest, number of months and monthly installments. Use the following formula to compute for the interest interest= (principal * rate* time)/100; Use the sample output below as a guide. Please enter the applicant name: Juan Dela Cruz Please enter the address : Sta. Rosa Laguna 4026 Please enter the contact number : 09171435254 Please enter the principal: 2000 Please enter the rate: 2.5 Please enter no. of years: 3 Applicant Name : Juan Dela Cruz Address : Sta. Rosa Laguna Contact number : 09171435254 Amount borrowed: 2000.0 Interest charged: 150.0 Number of Months : 36 Monthly installment: 59.72

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