**What is ‘Simple Interest’?**

Simple interest is a quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.**Simple Interest formula:**

Simple interest formula is given by:

Simple Interest = (P x T x R)/100

Where,

P is the principle amount

T is the time and

R is the rate

**Examples :**

EXAMPLE1: Input : P = 10000 R = 5 T = 5 Output :2500 We need to find simple interest on Rs. 10,000 at the rate of 5% for 5 units of time. EXAMPLE2: Input : P = 3000 R = 7 T = 1 Output :210

The formula to calculate the simple interest is: simple_interest = (P * T * R) / 100 where P is principal amount, T is time & R is rate of interest.

## C++

`// CPP program to find simple interest for` `// given principal amount, time and rate of` `// interest.` `#include<iostream>` `using` `namespace` `std;` `int` `main()` `{` ` ` `// We can change values here for` ` ` `// different inputs` ` ` `float` `P = 1, R = 1, T = 1;` ` ` ` ` `/* Calculate simple interest */` ` ` `float` `SI = (P * T * R) / 100;` ` ` ` ` `/* Print the resultant value of SI */` ` ` `cout << ` `"Simple Interest = "` `<< SI;` ` ` ` ` `return` `0;` `}` |

## Java

`// A Simple JAVA program to compute ` `// simple interest for given principal` `// amount, time and rate of interest.` `import` `java.io.*;` ` ` `class` `GFG` `{` ` ` `public` `static` `void` `main(String args[])` ` ` `{ ` ` ` `// We can change values here for` ` ` `// different inputs` ` ` `float` `P = ` `1` `, R = ` `1` `, T = ` `1` `;` ` ` ` ` `/* Calculate simple interest */` ` ` `float` `SI = (P * T * R) / ` `100` `;` ` ` `System.out.println(` `"Simple interest = "` `+ SI);` ` ` `}` `}` ` ` `// This code is contributed by Anant Agarwal.` |

## Python3

`# Python3 program to find simple interest` `# for given principal amount, time and` `# rate of interest.` ` ` `# We can change values here for` `# different inputs` `P ` `=` `1` `R ` `=` `1` `T ` `=` `1` ` ` `# Calculates simple interest ` `SI ` `=` `(P ` `*` `R ` `*` `T) ` `/` `100` ` ` `# Print the resultant value of SI ` `print` `(` `"simple interest is"` `, SI)` ` ` `# This code is contributed by Azkia Anam.` |

## C#

`// A Simple C# program to compute ` `// simple interest for given principal` `// amount, time and rate of interest.` `using` `System;` ` ` `class` `GFG {` ` ` ` ` `// Driver Code` ` ` `public` `static` `void` `Main()` ` ` `{ ` ` ` ` ` `// We can change values here for` ` ` `// different inputs` ` ` `float` `P = 1, R = 1, T = 1;` ` ` ` ` `// Calculate simple interest ` ` ` `float` `SI = (P * T * R) / 100;` ` ` `Console.Write(` `"Simple interest = "` `+ SI);` ` ` `}` `}` ` ` `// This code is contributed by Nitin Mittal.` |

## PHP

`<?php` `// PHP program to find simple interest` `// for given principal amount, time ` `// and rate of interest.` ` ` `// We can change values here for` `// different inputs` `$P` `= 1;` `$R` `= 1;` `$T` `= 1;` ` ` `/* Calculate simple interest */` `$SI` `= (` `$P` `* ` `$T` `* ` `$R` `) / 100;` ` ` `/* Print the resultant value of SI */` `echo` `"Simple Interest = "` `. ` `$SI` `;` ` ` `// This code is contributed by Sam007` `?>` |

**Output :**

Simple Interest : 0.01

This article is contributed by **Anurag Rawat**. If you like GeeksforGeeks and would like to contribute, you can also write an article using contribute.geeksforgeeks.org or mail your article to contribute@geeksforgeeks.org. See your article appearing on the GeeksforGeeks main page and help other Geeks.

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