Simple Interest Calculator

This project provides a simple interest calculator that computes the simple interest based on the principal amount, annual rate of interest, and time period in years.

Table of Contents

• Features
• Usage
• License
• Code of Conduct
• Contributing

Features

• Simple Interest Calculation: Computes simple interest using the formula:

  simple interest = principal × time × rate
  

• Compound Interest Calculation: Computes compound interest using the formula:

  compound interest = principal × (1 + rate)^time - principal
  

Usage

1. Simple Interest Calculation:

   • Script: simple-interest.sh
   • Usage: Run the script and input the principal amount, time period in years, and annual rate of interest when prompted.
   • Example:

     ./simple-interest.sh

     Input:

     Enter the principal amount: 1000
     Enter the time period in years: 5
     Enter the annual rate of interest: 5
     

     Output:

     The simple interest is: 250
     

2. Compound Interest Calculation:

   • Script: compound_interest.py
   • Usage: Run the script and input the principal amount, time period in years, and annual rate of interest when prompted.
   • Example:

     python compound_interest.py

     Input:

     Enter the principal amount: 1000
     Enter the time period in years: 5
     Enter the annual rate of interest: 5
     

     Output:

     The compound interest is: 276.28
     

License

This project is licensed under the Apache-2.0 License. See the LICENSE file for more details.

Code of Conduct

Please refer to the CODE_OF_CONDUCT.md file for the code of conduct guidelines.

Contributing

Contributions are welcome! Please read the CONTRIBUTING.md file for guidelines on how to contribute to this project.