Question

Write a program in Python to input Principle Amount, Rate, Time and a choice

Answer 1

Answer:

P = float(input("Principal Amount: "))

R = float(input("Rate: "))

T = float(input("Time: "))

option = int(input("1 for Simple Interest, 2 for Compound interest: "))

if option == 1:

    Interest = (P * R * T)/100

    print("Interest: "+str(Interest))

elif option == 2:

    Interest = P * (1 + R/100)**t

    print("Interest: "+str(Interest))

else:

    print("Invalid Selection")

Explanation:

The next three line prompt user for Principal Amount, Rate and Time

P = float(input("Principal Amount: "))

R = float(input("Rate: "))

T = float(input("Time: "))

This line prompts user for option (1 for Simple Interest, 2 for Compound interest)

option = int(input("1 for Simple Interest, 2 for Compound interest: "))

If option is 1, simple interest is calculated

if option == 1:

    Interest = (P * R * T)/100

    print("Interest: "+str(Interest))

If option is 2, compound interest is calculated

elif option == 2:

    Interest = P * (1 + R/100)**t

    print("Interest: "+str(Interest))

If option is neither 1 nor 2, Invalid Selection is printed

else:

    print("Invalid Selection")