Q:

Python program for simple interest

belongs to collection: Python basic programs

0

Given principle amount, rate and time and we have to find the simple interest in Python.

Calculate simple interest

To calculate simple interest, we use the following formula,

    (P * R * T) / 100

Where,

  • P – Principle amount
  • R – Rate of the interest, and
  • T – Time in the years

Example:

    Input:
    p = 250000
    r = 36
    t = 1

    # formula
    si = (p*r*t)/100
    print(si)

    Output:
    90000

All Answers

need an explanation for this answer? contact us directly to get an explanation for this answer

Python program to find simple interest

# Python program to find simple interest 

p = float(input("Enter the principle amount : "))
r = float(input("Enter the rate of interest : "))
t = float(input("Enter the time in the years: "))

# calculating simple interest
si = (p*r*t)/100

# printing the values
print("Principle amount: ", p)
print("Interest rate   : ", r)
print("Time in years   : ", t)
print("Simple Interest : ", si)

Output

First run:
Enter the principle amount : 10000
Enter the rate of interest : 3.5
Enter the time in the years: 1
Principle amount:  10000.0
Interest rate   :  3.5
Time in years   :  1.0
Simple Interest :  350.0

Second run:
Enter the principle amount : 250000
Enter the rate of interest : 36
Enter the time in the years: 1
Principle amount:  250000.0
Interest rate   :  36.0
Time in years   :  1.0
Simple Interest :  90000.0

need an explanation for this answer? contact us directly to get an explanation for this answer

total answers (1)

Python basic programs

This question belongs to these collections

Similar questions


need a help?


find thousands of online teachers now
Python program for compound interest... >>
<< Python program to print ASCII value of a character...