Program to find simple interest in Python

In this python programming guide, we are going to learn

• program to find simple interest in python

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Program to calculate Simple Interest in Python

The program to calculate simple interest in Python is as follows:

 

# Owner : TutorialsInhand Author : Devjeet Roy
 
principal = float(input("Enter the principal: "))
rate = float(input("Enter the rate of interest: "))
time = float(input("Enter the time: "))

si = (principal * time * rate) / 100

print("The simple interest is Rs",si);

The output of the program to compute simple interest in python is as follows:

 

PS C:\Users\DEVJEET\Desktop\tutorialsInHand> python code.py
Enter the principal: 10000
Enter the rate of interest: 5
Enter the time: 3
The simple interest is Rs 1500.0

Few important tips about this program:

1. First we ask the user to enter the principal, rate of interest and the time period.

2. Then we find the simple interest (si) by (principal x rate x time)/100

3. We print the result in the terminal. 

 

Snapshot to write a python program to calculate the simple interest