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
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
Python3
# Python3 program to find simple interest # for given principal amount, time and # rate of interest. def simple_interest(p,t,r): print('The principal is', p) print('The time period is', t) print('The rate of interest is',r) si = (p * t * r)/100 print('The Simple Interest is', si) return si # Driver code simple_interest(8, 6, 8) |
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Output:
The principal is 8 The time period is 6 The rate of interest is 8 The Simple Interest is 3.84
#Please refer complete article on Program to find simple interest for more details!
