C program to calculate Simple Interest

Write a C program to input principle (amount), time and rate (P, T, R) from user and find Simple Interest. How to calculate simple interest in C programming. Logic to find simple interest in C program.

Enter principle: 1200
Enter time: 2
Enter rate: 5.4

Simple Interest = 129.600006

Required knowledge

Fundamentals of C, Data types, Talking user input in C

Simple Interest formula

Formula for simple interest is given by -

Where,
P is the principle amount
T is the time and
R is the rate

Logic to calculate simple interest

Step by step descriptive logic to calculate simple interest -

1. Input principle amount in some variable say principle.
2. Input time in some variable say time.
3. Input rate in some variable say rate.
4. Now, apply the formula to calculate simple interest i.e. SI = (principle * time * rate) / 100.
5. Finally print the resultant value of SI.

Program to calculate simple interest

/**
 * C program to calculate simple interest
 */

#include <stdio.h>

int main()
{
    float principle, time, rate, SI;

    // Input principle, rate and time
    printf("Enter principle (amount): ");
    scanf("%f", &principle);

    printf("Enter time: ");
    scanf("%f", &time);

    printf("Enter rate: ");
    scanf("%f", &rate);

    // Calculate simple interest
    SI = (principle * time * rate) / 100;

    printf("Simple Interest = %f", SI);

    return 0;
} 

Enter principle (amount): 1200
Enter time: 2
Enter rate: 5.4
Simple Interest = 129.600006

Happy coding ;)