Program to find the simple interest

belongs to collection: Basic Programs

robaa

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2022-11-08

172

Explanation

Simple Interest is the convenient method used in banking and economic sectors to calculate the interest charges on loans.It gets estimated day to day with the help of some mathematical terms.

Formula

Simple Interest = (P × R × T)/100

where P = Principal Amount, R = Rate per Annum, T = Time (years)

Algorithm

Define Principal, Interest and Time of loans.
Apply in the formula.
Print the Simple Interest.

Complexity

O(1)

Simple Interest = (P × R × T) / 100

Input:

P = 34000, R = 30,T = 5

where P = Principal Amount, R = Rate per Annum, T = Time (years)

Output:

Simple Interest = 51000.000

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All Answers

robaa

2022-11-08

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Python

P= 5000 #Principal Amount  
R=15 #Rate   
T=1 #Time  
SI  = (P*R*T)/100; # Simple Interest calculation  
print("Simple Interest is :");  
print(SI);  #prints Simple Interest

Output:

 Simple Interest is:  750.0

C

#include<stdio.h>  
int main()   
    {   
        float P , R , T , SI ;  
       P =34000; R =30;  T = 5;  
        SI  = (P*R*T)/100;   
        printf("\n\n Simple Interest is : %f", SI);  
        return (0);  
    }

Output:

Simple Interest is:  51000.000

JAVA

public class Main  
 {  
   public static void main (String args[])  
    {   float p, r,  t,  si; // principal amount, rate, time and simple interest respectively  
              p = 13000;  r = 12; t = 2;  
               si  = (p*r*t)/100;   
              System.out.println("Simple Interest is: " +si);  
    }}

Output:

Simple Interest is:  3120.0

C#

using System;  
class main  
{   static void Main()   
    { int P;  
      double R, T,  SI;  
      P = 12000;  
      R = 5;  
      T =0.5;  
      SI  = (P*R*T)/100;  
     Console.WriteLine("Simple Interest is: "+SI);  
    }}

Output:

Simple Interest is:  300.00

PHP

<?php  
       $p = 2000;  
       $r = 10;  
       $t = 1;  
       $si =   ($p*$r*$t)/(100);  
       echo("Simple Interest is: ");  
       echo($si);  
?>

Output: