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

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