Write a python program to calculate simple interest and compound interest.

                                     

Write a python program to calculate simple interest and compound interest.

PROGRAM:

# Formula for simple interest= p*n*(r/100)

# p=principal amount, n=Tenure(Duration), r=rate

# Formula for compound interest=(p(1+(r))^(nt))-p

# t=Number of time periods elapsed.

p=float(input("Enter a prinicipal amount:"))

n=float(input("Enter the duration (tenure)in year:"))

r=float(input("Enter the rate value in %:"))

s=p*n*(r/100)

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

print("Simple interest: Rs.",s)

print("Compound interest: Rs.",c)

OUTPUT:

Enter a prinicipal amount: 8000
Enter the duration (tenure)in year: 2
Enter the rate value in %: 7

Simple interest: Rs. 1120.0
Compound interest: Rs. 1159.2000000000007