In this tutorial, we are going to learn writing a python program to calculate simple interest from given principal, rate of interest, and time.

## Problem Statement

Our program takes three inputs from the user as principle, rate of interest and time, and return simple interest.**For example**, If the user input the principal value = 1900, rate of interest = 2 and time = 2, then our program will return ’76.0″.

## What is Simple Interest?

Simple interest is a method to calculate the interest charged on a loan. It is calculated by multiplying the interest rate by the principal by the number of days that elapse between payments.

**Simple Interest Formula:**

**SI = (P*T*R)/100**

**Where,**

P is principle amount

T is the time duration

R is the rate of interest

**Example of how we can calculate simple interest**

**Input**

Enter principle: 1900

Enter time: 2

Enter rate: 2

**Output**

**Simple Interest **= 76

## Java Program to Calculate Simple Interest

**Output**

**Explanation**

For the input value of the principal, the rate of interest and the time simple interest is calculated using the formula

Simple interest = (1900* 2 *2)/100

Simple interest = 100.00

Hope above program to calculate simple rate of interest is clear to you.

Happy Coding !!