Simple interest formula is given as. Calculate the simple interest for the loan or principal amount of Rs. Rate Interest Principal x Time.
Principal x rate x time interest For example say you invest 100 the principal at a 5 annual rate for one year.
Finally print the resultant value of SI. Finally print the resultant value of SI. Step by step descriptive logic to calculate simple interest. The Formula for simple interest helps you find the interest amount if the principal amount rate of interest and time periods are given.