Logic Building/Phase 6 - Category 5: Real-World Logic Problems/Program

Simple Interest Calculator

Calculate simple interest and total amount.

Logic BuildingBeginner
Logic Building
# Take inputs
principal = float(input("Enter principal: "))
rate = float(input("Enter rate (%): "))
time = float(input("Enter time (years): "))

# Calculate
interest = (principal * rate * time) / 100
amount = principal + interest

print(f"Simple Interest: {interest:.2f}")
print(f"Total Amount: {amount:.2f}")

Output

Enter principal: 10000
Enter rate (%): 5
Enter time (years): 2
Simple Interest: 1000.00
Total Amount: 11000.00

Calculate simple interest using formula.

Key Concepts:

  • SI = (P * R * T) / 100
  • Amount = Principal + Interest
  • Simple calculation
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