Simple Interest Calculator in Python | Beginner Friendly Program

Learn how to create a basic Python program that computes the total amount owed and simple interest. Perfect for beginners learning Python basics, this video walks you through user input, calculation, and output formatting.

✅ Formula Used:
Simple Interest (SI) = (P × R × T) / 100
Amount Payable = Principal + SI

📌 Topics Covered:

Getting user input in Python

Simple arithmetic operations

Displaying results using print()

🧠 Great for:

Python beginners

School/college students

Anyone learning financial calculations in programming

💻 Code Used in Video:

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P = float(input("Enter the Principal amount (P): "))
R = float(input("Enter the Rate of interest per annum (R%): "))
T = float(input("Enter the Time in years (T): "))
SI = (P * R * T) / 100
amount_payable = P + SI
print(f"Simple Interest (SI) = {SI}")
print(f"Total Amount Payable = {amount_payable}")
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