# C Progam to Calculate Simple Interest and Amount on Loan.

Simple Interest is calculated using the formula

SI = (PxRxT)/100

Where the terms are:

SI = Simple Interest

P = Principle

R = Rate of Interest (In Percentage)

T = Time Period (in Years)

You can find the C language based source code of this program below.

SI = (PxRxT)/100

Where the terms are:

SI = Simple Interest

P = Principle

R = Rate of Interest (In Percentage)

T = Time Period (in Years)

Simple Interest Calculation Application using C |

```
/*C PROGRAM TO CALCULATE SIMPLE INTEREST
PROGRAMMED BY: AMIT BISWAL
URL: http://amitbiswal.blogspot.com
*/
#include <stdio.h>
#include <conio.h>
int main()
{
float p,r,t,si;
printf("*********PROGRAM TO CALCULATE SIMPLE INTEREST***********\nEnter Principle\t");
scanf("%f",&p);
printf("\nEnter Interest Rate (in Percentage)\t");
scanf("%f",&r);
printf("\nEnter Time Period (in Years)\t");
scanf("%f",&t);
si=p*r*t/100.0;
printf("\n*****************************************************\n\nSIMPLE INTEREST: %0.2f\nAMOUNT PAYABLE: %0.2f",si,p+si);
printf("\n*****************************************************");
getch();
}
```

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