Python program for basic interest

Discover a straightforward premium program in Python: Here, we will figure out how

to locate the basic enthusiasm for Python when rule sum, the pace of interest and time is given?

Given rule sum, rate and time and we need to locate the straightforward enthusiasm for Python.

Ascertain straightforward interest

To figure basic interest, we utilize the accompanying formula,

    (P * R * T) / 100

Where,

• P – Principle sum
• R – Rate of the interest, and
• T – Time in the years

Example:

    Input:
    p = 250000
    r = 36
    t = 1

    # formula
    si = (p*r*t)/100
    print(si)

    Output:
    90000

Python Program to Find simple Interest:

# Python program to find simple interest 

p = float(input("Enter the principle amount : "))
r = float(input("Enter the rate of interest : "))
t = float(input("Enter the time in the years: "))

# calculating simple interest
si = (p*r*t)/100

# printing the values
print("Principle amount: ", p)
print("Interest rate   : ", r)
print("Time in years   : ", t)
print("Simple Interest : ", si)

Output:

First run:
Enter the principle amount : 10000
Enter the rate of interest : 3.5
Enter the time in the years: 1
Principle amount:  10000.0
Interest rate   :  3.5
Time in years   :  1.0
Simple Interest :  350.0

Second run:
Enter the principle amount : 250000
Enter the rate of interest : 36
Enter the time in the years: 1
Principle amount:  250000.0
Interest rate   :  36.0
Time in years   :  1.0
Simple Interest :  90000.0