Python Program to Calculate Simple Interest

Learn about Python Program to Calculate Simple Interest in the below code example. Also refer the comments in the code snippet to get a detailed view about what’s actually happening.

Contents

Python Program to Calculate Simple Interest

# Program to calculate simple interest

# inputs from user
P = float(input('Enter the principal amount: '))
R = float(input('Enter the interest rate: '))
T = float(input('Enter the time: '))

# calculate the simple interest using formula
SI = (P * R * T) / 100

# print result
print('The Simple interest = ',SI )
print('Total amount = ',( P + SI ))

Output:

Enter the principal amount: 4000
Enter the interest rate: 3
Enter the time: 7
The Simple interest =  840.0
Total amount =  4840.0

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