Q:
Write a program to calculate simple interest in Python
belongs to collection: Python Exercises, Practice Questions and Solutions
Python Exercises, Practice Questions and Solutions
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Simple Interest Formula
The Simple Interest (S.I.) formula is given by -
SI = (P x T x R)/100 Where, P is the principle amount T is the time and R is the rate
Python program to calculate Simple Interest
In the given example, first we created variables as P, R, and T and then assigned the values to the variables. Then, we calculated the simple interest using the formula Simple_interest = (P * R * T)/100 and printed the output.
Output of the above code
The Simple Interest is 200.0
Python program to calculate Simple Interest using function
In the given program, we have defined a function cal_simple_interest() to calculate the simple interest. This program allows a user to enter the principal amount, rate of interest, and number of years. By using these values, the program calculates simple interest -
Output of the above code -
need an explanation for this answer? contact us directly to get an explanation for this answerEnter the principal amount : 10000 Enter the number of years : 3 Enter the rate of interest : 5 The Simple Interest is : 1500.0