Write a program to calculate Simple Interest

Here, you will learn how to calculate Simple Interest (S.I.) in different programming languages.

Simple Interest is a quick and easy method of calculating the interest amount for a particular principal amount of money at some rate of interest. So, simple interest is the simplest and easiest way to determine how much extra you'll have to pay for your loan. For example, when a person takes a loan of Rs. 6000, at a rate of 10 p.a. for three years, the person's interest for three years will be the simple interest on the borrowed money.

Simple Interest Formula

The Simple interest (S.I.) formula is given by-

SI = (P x T x R)/100

Where,
P is the principle amount
T is the time and
R is the rate

Algorithm of Simple Interest

1. Declare Principal, Interest, and Time of loans.
2. Calculate the Simple Interest by applying the formula.
3. Print the value of Simple Interest.

C program to calculate Simple Interest

In the given C program, we allow the user to enter the principal amount, rate of interest, and number of years. By using these values, the following C program calculates Simple Interest.

#include <stdio.h>

int main()
{
    float principle, time, rate, SI;

    /* Input principle, rate and time */
    printf("Enter the principal amount : ");
    scanf("%f", &principle);

    printf("Enter the number of years : ");
    scanf("%f", &time);

    printf("Enter the rate of interest : ");
    scanf("%f", &rate);

    /* Calculate simple interest */
    SI = (principle * time * rate) / 100;

    printf("Simple Interest = %f", SI);

    return 0;
}

Enter the principal amount : 10000
Enter the number of years : 4
Enter the rate of interest : 5
Simple Interest = 2000.000000

Enter the principal amount : 9000
Enter the number of years : 9
Enter the rate of interest : 6
Simple Interest = 4860.000000

Python program to calculate Simple Interest

In the given Python program, first we create variables P, R, and T and then assign the values to the variables. Then, we calculate the simple interest using the formula Simple_interest = (P * R * T)/100 and print the output.

p = 1000
t = 5
r = 4

si = (p * t * r)/100
      
print('The Simple Interest is', si)

The Simple Interest is 200.0

Java program to calculate Simple Interest

In the given Java program, we have defined the values of principal, rate, and time. Then, we use the simple interest formula to compute the simple interest.

public class SimpleInterest 
{  
    public static void main (String args[])
    {   
        // define principal amount, rate, time and simple interest respectively 
        float principle, rate,  time,  si;  
        principle = 15000;  
        rate = 8; 
        time = 4;  
        si  = (principle*rate*time)/100;   
        System.out.println("Simple Interest is: " +si);  
    }
}

Simple Interest is: 4800.0

C++ program to calculate Simple Interest

In the given example, we allow the user to enter the principal amount, rate of interest, and number of years. By using these values, the following C++ program calculates the simple interest.

#include<iostream>
using namespace std;

int main()
{
  // declare variables
  float p, t, r, SI;

  // take input principle, rate and time
  cout << "Enter principal amount, time and rate:";
  cin >> p >> t >> r;

  // calculate Simple Interest
  SI = (p*t*r)/100;

  // display result
  cout << "Simple Interest = " << SI << endl;

  return 0;
}

Enter principal amount, time and rate:9000 11.5 9.5
Simple Interest = 9832.5

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