Simple Interest Calculator 📈

This is a simple interest calculator that computes the interest based on the principal amount, annual rate of interest, and time period in years.

Formula

Simple Interest = P * T * R

where:

• ( P ) is the principal amount. 💰
• ( T ) is the time period in years. 📅
• ( R ) is the annual rate of interest. 📈

Input

• ( P ): Principal amount (💰)
• ( T ): Time period in years (📅)
• ( R ): Annual rate of interest (📈)

Output

• Simple Interest: The interest calculated using the formula above (💵)