Calculate Simple Interest in Python

Python - Simple Interest Calculation

Python - Simple Interest Calculation

Source Code

Aim :

    To calculate the simple interest by using formula in python

Algorithm :

• Get the required input from the user by using input statement for p(principal amount), n(number of years) and r(rate of interest).
• Calculate the simple interest by using formula (pnr/100)
• Display the result with the help of print statement.

Program:

#calculate simple interest (SI) using formula in python

#p represents principal amount, n represents number of years, r represents rate of interest

#get input for all above mentioned

p = int(input("Enter the principal amount : "))

n = int(input("Enter the number of years : "))

r = float(input("Enter the rate of interest : "))

#calculate simple interest by  using the formula (pnr/100)

SI = (p*n*r)/100

#Display the simple interest using print statement

print("Simple Interest is ",SI)

Output :

Enter the principal amount : 

100

Enter the number of years : 

2

Enter the rate of interest : 

0.3

Simple Interest is  0.6

Terminal Code :

Python - Simple Interest Program

Terminal Output :

Python - Simple Interest Output

Result :

    The output was executed successfully and result was verified.

For Medium Users - https://tharunkumarbtech.medium.com/

Personal Writings for Readers!!!

Story behind single family described in Pandemic Family Book.

Read more on...

Paperback - https://amzn.to/34NS6Sk

Amazon Kindle - https://amzn.to/3aKtIng

Kobo Writing - https://bit.ly/3iQysNy