https://github.com/praabindhp/simple_interest
Python Program To Find Simple Interest
https://github.com/praabindhp/simple_interest
code interest programming-language python3 simple
Last synced: 11 months ago
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Python Program To Find Simple Interest
- Host: GitHub
- URL: https://github.com/praabindhp/simple_interest
- Owner: praabindhp
- Created: 2021-01-26T18:26:14.000Z (about 5 years ago)
- Default Branch: main
- Last Pushed: 2021-02-22T04:52:35.000Z (almost 5 years ago)
- Last Synced: 2025-01-16T04:12:43.091Z (about 1 year ago)
- Topics: code, interest, programming-language, python3, simple
- Language: Python
- Homepage:
- Size: 207 KB
- Stars: 2
- Watchers: 1
- Forks: 0
- Open Issues: 0
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Metadata Files:
- Readme: README.md
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README
# Simple_Interest
This Is A Python Program To Find The Simple Interest
From Recieving The Input From Users
Car loans, amortized monthly, and retailer installment loans, also calculated monthly, are examples of simple interest; as the loan balance dips with each monthly payment, so does the interest. Certificates of deposit (CDs) pay a specific amount in interest on a set date, representing simple interest.
Datas:
Principle As P,
Time Duration As T,
Rate Of Interest As R
The bank may use different types of interest rates over your deposits and loan amount. These include a simple and compound interest rate they use on your deposits and borrowed amounts. Simple interest rate loans have lesser obligations for borrowers to fulfill compared to a compounding interest rate-based loan.