In this simple python program, we need to find simple interest. It's an intermediate-level python program.
To understand this example, you should have knowledge of the following Python programming topics:
In this solved python program, we need to calculate the Simple Interest, which can be calculated using the formula SI = p*n*r / 100. where
For example, suppose we take a loan of the amount 1000 with an interest rate of 10% for 1 year. Then calculating the simple interest by the formula pnr/100 gives 1000 * 10 * 1 / 100 = 100. so we have to give 100rs as interest for 1 year.
Now apply this logic in the python programming language. We accept the values for the principal amount, interest rate, and time in years using the
input function in python language. Then we calculate the interest by using the formula ( p * n * r ) / 100.
STEP 1: Accept the values for the principal amount, time, and rate of interest using the input function in python language. Convert the values to an integer using float and int data type.
STEP 2: Calculate the simple interest using the formula (p*n*r) / 100.
STEP 3: Use a print statement in the python programming language to print the value of simple interest.
principle=float(input("Enter the amount :")) time=int(input("Enter the years :")) rate=float(input("Enter the rate :")) si=(principle*time*rate)/100 print("The simple interest is:", si)
Enter the amount : 1000 Enter the year : 1 Enter the rate : 10 The simple interest is : 100