# Python Program to Calculate Simple Interest

In this post, we will be learning how to write a Python Program to Calculate Simple Interest of the given values of Principle, Time and Rate.

### The formula to Calculate Simple Interest

To calculate S.I, we have a formula:-

S.I = (P*R*T)/100
Where,
S.I represents Simple Interest,
P represents Principle,
R represents Rate (annually),
T represents Time (in years).

### Code:-

```# Taking an input for principle (p)
p = float(input("Enter the principle: "))
# Taking an input for rate per year (r)
r = float(input("Enter the rate: "))
# Taking an input for time (t)
t = float(input("And Enter the time(in years): "))

# formula for Simple Interest (si) is (p*r*t)/100
si = (p*r*t)/100

# printing the simple interest
print("The S.I is",si)```

### Output:-

Enter the principle: 5000
Enter the rate: 5
And Enter the time(in years): 2
The S.I is 500.0

### You can learn about many other Python Programs Here.

The following two tabs change content below. #### Amit Rawat

Founder and Developer at SpiderLabWeb
I love to work on new projects and also work on my ideas. My main field of interest is Web Development. 