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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