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MicroFinanaceStartUp

GitHub Final Project – Simple Interest Calculator

This repository is a sample open source project created as part of a migration exercise from SVN to Git.

It demonstrates hosting a small script on GitHub along with the supporting documentation needed for community collaboration.

The project includes a simple Bash script to calculate Simple Interest given the principal amount, rate of interest, and time period.
It also follows open source best practices by including:

  • A license (Apache 2.0)
  • A Code of Conduct
  • Contribution Guidelines
  • A descriptive README

Simple Interest Formula

The formula used in this project is: Simple interest = (Principal x Rate x Time)/100

Where:

  • Principal (p): The amount of money borrowed or invested.
  • Rate (r): Annual interest rate (in percentage).
  • Time (t): Time period in years.

How to run (Commands)

clone the repository

git clone <repository-HTTPS-URL> (replace "" with the HTTPS URL of the repository you wish to clone)

cd <repository-name> (replace "" with the actual name of the repository that you cloned)

run the bash script

This command will make the script executable:

chmod +x simple-interest.sh

If you want to run the bash script directly like this:

./simple-interest.sh

then the file must have execute permission. Without chmod +x, you will get a "permission denied" error.

If you run the script explicitly with bash, like:

bash simple-interest.sh

then chmod +x is not needed, becuase you're directly telling the shell to run it with a bash interpreter.

After running the bash script, it asks the user to input Principal, Rate of interest, and Time period in years, then calculates and displays the simple interest.

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