Question

Write a Python program to calculate the amount payable if money has been lent on simple interest. Principal or money lent = P, Rate of interest = R% per annum and Time = T years. Then Simple Interest (SI) = (P x R x T)/ 100.

Amount payable = Principal + SI. P, R and T are given as input to the program.

Answer 1

Program:

#Asking the user for Principal, rate of interest and time

P = float(input('Enter the principal: '))

R = float(input('Enter the rate of interest per annum: '))

T = float(input('Enter the time in years: '))

#calculating simple interest

SI = (P * R * T)/100

#caculating amount = Simple Interest + Principal

amount = SI + P

#Printing the total amount

print('Total amount:',amount)

OUTPUT:-

Enter the principal: 12500
Enter the rate of interest per annum: 4.5
Enter the time in years: 4
Total amount: 14750.0