The bank charges 12% simple interest on the amount per annum. Draw a

flowchart (using the software FLOWGORITHM)that allows the user to input for the amount of loan and the

number of years to pay. Compute and display the lump sum amount for

each year.

Formula: Amt = P (1 + rt)

Where: Amt - lump sum amount; P - Amount loan; r - interest rate; t - # of years

NOTE.Amount loan and years to pay is defined by the user.

NOTE.This answer needs "for loop".