Implement a program to calculate the Simple Interest by using the formula given below and display the calculated Simple Interest.Simple Interest = (principal*rate of interest*time)/100
Question
Implement a program to calculate the Simple Interest by using the formula given below and display the calculated Simple Interest.Simple Interest = (principalrate of interesttime)/100
Solution
Sure, here is a simple Python program that calculates the Simple Interest:
# Function to calculate Simple Interest
def simple_interest(principal, rate_of_interest, time):
return (principal * rate_of_interest * time) / 100
# Input values
principal = float(input("Enter the principal amount: "))
rate_of_interest = float(input("Enter the rate of interest: "))
time = float(input("Enter the time (in years): "))
# Calculate Simple Interest
interest = simple_interest(principal, rate_of_interest, time)
# Display the result
print("The Simple Interest is: ", interest)
In this program, we first define a function simple_interest that takes three arguments: principal, rate_of_interest, and time. It calculates the simple interest using the formula (principal * rate_of_interest * time) / 100 and returns the result.
Then, we take the principal amount, rate of interest, and time as inputs from the user. We call the simple_interest function with these inputs to calculate the simple interest.
Finally, we print the calculated simple interest.
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