Python Program for Simple Interest
Simple interest formula is given by: Simple Interest = (P x T x R)/100 Where, P is the principal amount T is the time and R is the rate
Examples:
Input : P = 10000
R = 5
T = 5
Output :2500.0
We need to find simple interest on
Rs. 10,000 at the rate of 5% for 5
units of time.
Python Program for simple interest
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
Time complexity: O(1)
Auxiliary Space: O(1)
Program for simple interest with Taking input from user
We can calculate the simple interest by taking P,T and R from the user.
Python3
# Python3 program to find simple interest # principal amount, time and # rate of interest taken from user. 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) # Driver code P = int ( input ( "Enter the principal amount :" )) T = int ( input ( "Enter the time period :" )) R = int ( input ( "Enter the rate of interest :" )) simple_interest(P,T,R) |
Output:
Input:
Enter the principal amount :3000
Enter the time period :7
Enter the rate of interest :1
Output:
The simple interest is 210.0
Time complexity: O(1)
Auxiliary Space: O(1)
#Please refer complete article on Program to find simple interest for more details!