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What is the program to find simple interest?

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What is the program to find simple interest?

The formula to calculate the simple interest is: simple_interest = (p * t * r) / 100 where p is principal amount, t is time & r is rate of interest. Here is source code of the C program to calculate the simple interest. The C program is successfully compiled and run on a Linux system.

How do you write a simple interest program?

To compute simple interest we will use the formula simple_interest=(principle*time*rate)/100.

How do you write a simple interest program in Python?

Python Program to Calculate Simple Interest

  1. Use a python input() function in your python program that takes an input from the user.
  2. Next, calculate the simple interest using this SI = (P * N * R)/100 formula.
  3. After the end program, print the simple interest.
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How do you calculate simple interest in C++?

After accepting values of principle, rate and time from user , we apply the formula to calculate simple interest is which is si= (principle x rate x time) / 100.

What is simple interest and compound interest?

The interest, typically expressed as a percentage, can be either simple or compounded. Simple interest is based on the principal amount of a loan or deposit. In contrast, compound interest is based on the principal amount and the interest that accumulates on it in every period.

What is PRT in simple interest?

It is governed by the formula: I = Prt. where I is the amount of interest, P is the principal (amount of money borrowed), r is the interest rate (per year), and t is the time (expressed in years).

How do you find interest in Python?

Here is source code of the Python Program to compute simple interest given all the required values. The program output is also shown below….

  1. User must enter the values for the principle amount, rate and time.
  2. The formula: (amount*time*rate)/100 is used to compute simple interest.
  3. The simple interest is later printed.
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How do you write a simple interest program in Java?

JAVA

  1. public class Main.
  2. {
  3. public static void main (String args[])
  4. { float p, r, t, si; // principal amount, rate, time and simple interest respectively.
  5. p = 13000; r = 12; t = 2;
  6. si = (p*r*t)/100;
  7. System.out.println(“Simple Interest is: ” +si);
  8. }}

What is simple interest and example?

Simple Interest (S.I.) is the method of calculating the interest amount for a particular principal amount of money at some rate of interest. For example, when a person takes a loan of Rs. 5000, at a rate of 10 p.a. for two years, the person’s interest for two years will be S.I. on the borrowed money.

What does T stand for in simple interest?

The simple interest formula allows us to calculate I, which is the interest earned or charged on a loan. According to this formula, the amount of interest is given by I = Prt, where P is the principal, r is the annual interest rate in decimal form, and t is the loan period expressed in years.

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