Simple Interest

Programs with input · Beginner · about 5 min

Riya keeps some money in a bank for a few years. Read the principal (the money put in), the rate of interest per year as a percent, and the time in years, one per line. Any of them may have decimals.

Simple interest is principal * rate * time / 100. Print it, then the amount at the end (the principal plus the interest), each with 2 decimal places, as Simple interest: 1200.00 and Amount: 11200.00.

The prompts inside input() are not checked, only what you print.

Example

You type:

10000
6
2

The program prints:

Simple interest: 1200.00
Amount: 11200.00

principal = float(input("Principal: "))

# Read the rate and the time, then print the interest and the amount

Typed input, one line for each input()

The solution opens after your first Check.