Question

Write a program to find the amount to be calculated after 5 years of period, with 2.5% as rate of interest and principal amount being ₹10,000. Python

Answer 1

when it is not specified whether it is compound or simple interest, we will have to take simple interest.

Amount after n years and at t% would be : $\boxed{\boxed{\frac{principle\:*\:term\:*rate}{100} }}$

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We have 3 values.

principle, term, rate = 10000, 5, 2.5

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All we have to do is substitute these values into the equation:

CODE:

principle, term, rate = 10000, 5, 2.5

print(f'Your amount would be:{(principle*term*rate)/100}')

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