Question

write a program to calculate simple interest it principal amount,rate of interest and time is given,also calculate the compound interest.​

Answer 1

p = 696969 #principal amount

r = .07 #7% rate of interest

t = 10 #years

n = 1 #no of times its compounded in a year

simple_interest = p * ( 1 + r * t)

compound_interest = p * (1 + (r / n)) ** (n * t)

print(f"simple: {simple_interest - p}\ncompound: {compound_interest - p}")

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