Simple Interest in Python

Introduction

Simple interest is the most basic way to calculate the amount you will earn or pay for an investment or loan.

Mathematically:

Python Program for Simple Interest

Let's understand how to find the simple interest using an example.

In the below program, we are taking the amount, the period in years, and the rate for which a simple interest is to be provided on the amount.

Output:

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Python Program to Calculate Simple Interest from User Input

Let's understand how to find the simple interest using an example. In the above example, we initialize value myself. Here we are taking from the user.

In the below program, we are taking the amount from the user, the period, i.e., years, and the rate for which a simple interest will be provided on the amount.

Output:

Python Program to Calculate Simple Interest Using Function

Let's understand how to find the simple interest using a user-defined function using an example.

In the below example, we call a user-defined passing that takes the amount, rate, and total period of time used to calculate the simple interest on the given amount.

Output:

This way, we can calculate the simple interest using a user-defined function.

See Also:

• Factorial Program in Python
• Factorial Using Recursion in Python
• FizzBuzz Program in Python