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Python script to calculate simple and compound interest

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Interest Calculator (Python)

This Python script calculates Simple Interest (SI) and Compound Interest (CI) based on user input.

💡 Formula Used

  • SI = (P × R × T) / 100
  • CI = P × (1 + R/100)^T − P

📥 How to Use

Run the script in any Python environment and input:

  • Principal (P)
  • Annual Rate (%)
  • Time in Years (T)

📊 Output

You’ll get both the Simple and Compound Interest values.

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Python script to calculate simple and compound interest

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