This is a beginner level program and you will learn how to read user inputs how to do basic multiplicationdivision and how to print out a custom variable value. Likewise to calculate simple interest month-wise use the number of months for t and divide the interest rate by 12. Simple interest is calculated only on the original sum of money which is known as the principal.
The principal is the amount of money that you will use to calculate the interest.
R Annual interest rate in percentage t Time period in years When calculating simple interest by days use the number of days for t and divide the interest rate by 365. What is your monthly interest rate and how much would you pay or earn on 2000. If your interest rate is 5 percent your monthly rate. Then enter a number of years months or days that the calculation is to run.