- Related Questions & Answers
- C Program for simple interest?
- Simple interest in Python Program
- Python Program for compound interest
- C Program for compound interest?
- C Program for the compound interest?
- Menu Driven C++ Program for a Simple Calculator
- Java Program to calculate Compound Interest
- Simple program of Java
- Simple Healthy Tips for Software Engineers
- Simple Chat Room using Python
- Python Program for QuickSort
- Using MySQL SELECT for simple BOOLEAN evaluation?
- Simple registration form using Python Tkinter
- Simple Arithmetic Operators Example Program In C++
- C# Program to create a Simple Thread

- Selected Reading
- UPSC IAS Exams Notes
- Developer's Best Practices
- Questions and Answers
- Effective Resume Writing
- HR Interview Questions
- Computer Glossary
- Who is Who

In this article, we will learn about the calculation of simple interest in Python 3.x. Or earlier.

Simple interest is calculated by multiplying the daily interest rate by the principal amount by the number of days that elapse between the payments.

**Mathematically,**

Simple Interest = (P x T x R)/100 Where, P is the principal amount T is the time and R is the rate

**For example,**

If P = 1000,R = 1,T = 2 Then SI=20.0 Now let’s see how we can implement a simple interest calculator in Python.

P = 1000 R = 1 T = 2 # simple interest SI = (P * R * T) / 100 print("simple interest is", SI)

simple interest is 20.0

Here the simple interest is obtained three arithmetic products and one arithmetic division.

Now let’s see the scope of the variables declared. As shown in the figure below all variables are declared in the **global scope**.

In this article, we learned about simple interest and it’s implementation using Python script.

Advertisements