Python Program for simple interest
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
EXAMPLE1: Input : P = 10000 R = 5 T = 5 Output :2500.0 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 :210.0
The principal is 8 The time period is 6 The rate of interest is 8 The Simple Interest is 3.84
Time complexity: O(1)
Auxiliary Space: O(1)
#Please refer complete article on Program to find simple interest for more details!