Python Calculate Simple Interest

Table of Contents

Let’s write a Python Program to calculate simple interest in this tutorial. We will use the Python IDLE on the Windows operating system.

Calculate Simple Interest

Let’s understand the mathematical formula for simple interest.

interest = p * t * r / 100

# Sample program to compute simple interest

principal = float(input(“Enter the principal amount := “))

# Read the principal amount from the user

time = float(input(“Enter the time in years := “))

# Read time from the user

roi = float(input(“Enter the rate of interest := “))

# Read the rate of interest from the user

simple_interest = (principal*time*roi)/100

# Formula for Simple Interest

print(“The Simple Interest is := “, simple_interest) # print Simple Interest

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