Write a Python program to Calculate Simple Interest with an example. Before we get into the example, let me show you the formula behind the Simple Interest calculation:
SI = (Principal Amount * Rate of Interest * Number of years) / 100
This Python program allows users to enter the Principal Amount, ROI, and Number of years. By using those values, the program calculates Simple Interest using the above-specified formula.
princ_amount = float(input(" Please Enter the Principal Amount : "))
rate_of_int = float(input(" Please Enter the Rate Of Interest : "))
time_period = float(input(" Please Enter Time period in Years : "))
simple_interest = (princ_amount * rate_of_int * time_period) / 100
print("\nSimple Interest for Principal Amount {0} = {1}".format(princ_amount, simple_interest))
