Simple intrest | program | solution in python

Program to find the simple interest from given principle, rate of interest & time

Simple Interest = P x T x R ÷ 100, where P = Principal, R = Rate of Interest and T = Time Period of the Loan/Deposit in years

Explanation:

• Read Principle value. 

• Read  Rate of Interest.

• Read Time Period.

• Substitute the values in the below formula 

• simple interest =  P x T x R ÷ 100.

SIMPLE INTEREST PROGRAM IN PYTHON

principle = float(input("principle "))
rate = float(input("rate of interest "))
time = int(input("time "))
pi = 3.1423
#simple interest formula
simple_interest = (principle*rate*time) / 100
print("simple interest is ",simple_interest)

Output

principle 500.0
rate of interest 5.0
time 2
simple interest is  50.0