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33## Simple Interest Calculator
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5- A calculator that computes ** simple interest** given the principal amount, annual rate of interest, and time period in years.
6-
7- ### Formula
8- \[
9- \text{Simple Interest} = \frac{P \times R \times T}{100}
10- \]
11-
12- Where:
13- - ** P** = Principal amount
14- - ** R** = Annual rate of interest (in %)
15- - ** T** = Time period (in years)
16-
17- ### Example
18-
19- ** Input:**
20- - Principal (P) = 1000
21- - Rate (R) = 5%
22- - Time (T) = 2 years
23-
24- ** Output:**
25- - Simple Interest = (1000 × 5 × 2) / 100 = ** 100**
26-
27- ---
28-
29- © 2022 XYZ, Inc.
5+ A calculator that calculates simple interest given principal, annual rate of interest and time period in years.
6+
7+ ```
8+ Input:
9+ p, principal amount
10+ t, time period in years
11+ r, annual rate of interest
12+ Output
13+ simple interest = p*t*r
14+ ```
15+
16+ _ © 2022 XYZ, Inc._
17+ [ ![ License: MIT] ( https://img.shields.io/badge/License-MIT-yellow.svg )] ( https://opensource.org/licenses/MIT )
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