On this tutorial I will guide you on how to build a simple Python Program for finding simple interest.

**Note :**

This is for beginners so even if you’ve never done python before , you can finish this tutorial.

**Program Instructions summary**

In order to instruct our program to find simple interest value, we need to know the *principal amount*, the *rate of interest* and the* time period*.

- Getting the value of principal amount from user
- Getting the value of rate of interest from user
- Getting the value of time period from user
- Calculating simple interest from it’s general formula
- Displaying the value of simple interest to screen

We are going to input all three parameters as **float values **(real values )

**Simple_interest.py**

**Running our Program **

kalebu@kalebu-PC:~$ python3 Simple_interest.py Enter Princal Amount: 5000 Enter Rate of Interest: 20 Enter Time period: 3 The value of simple interest is 3000.0

Hope you find this post interesting , don’t forget to subscribe to get more tutorials like this

In case of any suggestion or comment , drop it on the comment box and I will reply to you immediately.