# 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` `)` |

**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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