- This article discusses how to find a simple interest program in Python. (P*R*T)/100 is the formula for simple interest. P stands for "principal," R stands for "interest rate," and t stands for "time."
Formula:-
- Simple Interest = (P*R*T)/100
Example:
P = 2000
R = 5
T = 5
We need to find simple interest on Rs. 2000 at the rate of 5% for 5 units of time.
Code:
Output:
