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Python program for simple interest

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mahmoud2506
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2022-05-16
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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
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mahmoud2506
2022-05-16
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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

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