Question

Python program to calculate simple interest and compound interest

Answer 1

Coding:

p=int(input( "Enter principal:"))

r=int(input("Enter rate of interest:"))

t=int(input("Enter time:" ))

si=p*r*t/100

ci=(p*(1+r/100)**t)-p

print( "SI is ",si)

print(" CI is ",ci)

Output:

Enter principal:5000

Enter rate of interest:8

Enter time:2

SI is 800

CI is 832

Answer 2

The following codes will have to be typed in script mode, saved and then executed.

CODE:

p = float(input("Enter the principal amount:"))

r = float(input("Enter the rate:"))

t = float(input("Enter the time period:"))

n = float(input("Enter the tenure of compoundings:"))

si = (p*r*t)/100

ci = p*(1+r/100)**n*t

print("The simple interest is:", si)

print("The compound interest is:", ci)

OUTPUT: