Python Program to Calculate Simple Interest

Python Program to Calculate Simple Interest

  • Write a Python program to Calculate Simple Interest with example. Before we get into the example, let me show you the formula behind the Simple Interest calculation:
  • Simple Interest = (Principal Amount * Rate of Interest * Number of years) / 100
  • This Python program allows users to enter the Principal Amount, Rate of Interest, and Number of years. By using those values, the program calculates Simple Interest using the above-specified formula.

Source Code:

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# Python Program to Calculate Simple Interest

princ_amount = float(input(" Please Enter the Principal Amount : "))
rate_of_int = float(input(" Please Enter the Rate Of Interest   : "))
time_period = float(input(" Please Enter Time period in Years   : "))

simple_interest = (princ_amount * rate_of_int * time_period) / 100

print("\nSimple Interest for Principal Amount {0} = {1}".format(princ_amount,simple_interest))

 

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