Program to find the simple interest

by Online Tutorials Library July 22, 2022

Program to find the simple interest

Explanation

Simple Interest is the convenient method used in banking and economic sectors to calculate the interest charges on loans.It gets estimated day to day with the help of some mathematical terms.

Formula

  Simple Interest = (P × R × T)/100  where P = Principal Amount, R = Rate per Annum, T = Time (years)  

Algorithm

Define Principal, Interest and Time of loans.
Apply in the formula.
Print the Simple Interest.

Complexity

O(1)

Solution

Python

  P= 5000 #Principal Amount  R=15 #Rate   T=1 #Time  SI  = (P*R*T)/100; # Simple Interest calculation  print(“Simple Interest is :”);  print(SI);  #prints Simple Interest  

Output:

 Simple Interest is:  750.0

C

  #include<stdio.h>  int main()       {           float P , R , T , SI ;         P =34000; R =30;  T = 5;          SI  = (P*R*T)/100;           printf(“nn Simple Interest is : %f”, SI);          return (0);      }  

Output:

Simple Interest is:  51000.000

JAVA

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

Output:

Simple Interest is:  3120.0

C#

  using System;  class main  {   static void Main()       { int P;        double R, T,  SI;        P = 12000;        R = 5;        T =0.5;        SI  = (P*R*T)/100;       Console.WriteLine(“Simple Interest is: “+SI);      }}  

Output:

Simple Interest is:  300.00

PHP

  <?php         $p = 2000;         $r = 10;         $t = 1;         $si =   ($p*$r*$t)/(100);         echo(“Simple Interest is: “);         echo($si);  ?>  

Output:

Simple Interest is: 200

Next Topic#

Program to find the simple interest

Program to find the simple interest

Explanation

Formula

Algorithm

Complexity

Solution

Python

C

JAVA

C#

PHP

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