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
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