diff --git a/README.md b/README.md
index b103466..04f4157 100644
--- a/README.md
+++ b/README.md
@@ -1,16 +1,11 @@
-# Introduction to Git and GitHub
+Simple Interest Calculator
 
-## Simple Interest Calculator
+This is a simple Python script to calculate simple interest. It was created as part of our transition from SVN to Git and GitHub, and represents our first step in open-sourcing financial tools for low-income communities.
+Formula Used
 
-A calculator that calculates simple interest given principal, annual rate of interest and time period in years.
+Simple Interest (SI) = (Principal × Rate × Time) / 100
+Usage
 
-```
-Input:
-   p, principal amount
-   t, time period in years
-   r, annual rate of interest
-Output
-   simple interest = p*t*r
-```
-
-_© 2022 XYZ, Inc._
+Edit and run simple_interest.py in any Python environment.
+License
+This project is licensed under the Apache License 2.0.