Python Program for simple interest

Last Updated: 05-09-2020

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