Python program to calculate simple interest using class and object. Jul 24, 2024 · Simple Interest Calculation in C++ This document provides a C++ program to calculate simple interest. With this guide, you’ll gain a clearer understanding of how to create and manage simple banking systems. Jul 9, 2025 · Learn object-oriented programming (OOP) in Python by creating a calculator class that provides methods for basic arithmetic operations. We will walk through the steps of designing a class to represent a bank account, defining methods to perform common banking operations such as deposit, withdrawal, and checking the account balance. In this article, we will write a python program to create a basic calculator using class, objects, and other methods. In this tutorial, you will learn about the python program for bank account using class. Calculate the simple interest using the provided formula. Class XI I. The program is well-structured and includes documentation for better understanding. Display the calculated interest to the user. I. . The BankAccount class forms the foundation, and a SavingsAccount class inherits from it, adding features such as interest calculations. Apr 11, 2025 · Python is an object - oriented programming language, and object classes are at the heart of its object - oriented paradigm. I am having trouble with my rate. Method 3: Using Lambda Functions for Inline Calculation Using lambda functions in Python, one can perform quick calculations without defining a traditional function. In this article, we will walk you through a Python program designed to store and manage student information using the concept of classes. P. Learn how to calculate simple interest using a Python program with our step-by-step guide. Step-by-step guide with code examples, formulas, and tips for beginners and professionals. Jan 31, 2025 · How To Make Simple Interest Calculator In Python. Simple Interest = (Principal * Rate * Time) / 100 Example 2: Calculate Compound Interest Problem statement: Write a python program to create a class which performs basic calculator operations. In this video, we'll explore the concepts of object-oriented programming and how to use them in Python. Dec 15, 2024 · In this tutorial, you'll learn all about object-oriented programming (OOP) in Python. To write the program on compound interest, refer this guide: Program to calculate compound interest. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments. To write the program, you simply need to know the syntax of a programming language and the compound interest formula. Output: The calculated Jul 10, 2019 · In this tutorial, we will write a java program to calculate simple interest. Input Collection: Collect inputs from the user for principal amount, rate of interest, and time period. The object contains both data and code: Data in the form of properties (often known as attributes), and code, in the form of methods (actions object can perform). When you work with OOP we have four concepts: Encapsulation, Abstraction, Inheritance and Apr 15, 2025 · A calculator performs arithmetic operations along with solving equations, exponential and trigonometric operations. In this article, we will explore the basics of classes in Python and how to use them effectively in your projects. Python Program to Calculate Simple Interest In this article, you will learn and get code in Python to calculate and print simple interest based on user inputs. Convert the rate of interest from percentage to decimal by dividing it by 100. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. This program will handle basic functionalities like creating an account, viewing account balance In this tutorial, you will learn about the Python program for student details using class. Dec 17, 2024 · calculate_simple_interest: The name of the function. , Using OOP, we encapsulate related properties and behaviors into individual objects. Using the code - (principal_amount * time * rate_of_interest)/100, we are calculating the simple interest and assigning the result to the simple_interest variable. Withdraw money from their account (only if sufficient balance is available). But what if we told you that you can create a calculator program in Python yourself! If you know basic Python programming, we will show you to create a graphical user interface from scratch that can perform basic arithmetic operations. Compound Interest formula: Formula: to calculate compound interest annually is given by: Amount= P (1 + R/100)t Compound Interest = Amount - P Where, #simplesnipcode #pythonprograms #simpleinterest Python Program for simple interest | How to calculate simple interest in PythonPython program to find simple Jul 23, 2025 · Compound interest is standard in finance and economics. We will learn how to solve this by using a separate function and without using a function. Basic Principles of Object-Oriented Programming Object-oriented programming (OOP) is a programming paradigm that uses objects and their interactions to design Jul 29, 2024 · Compound interest is standard in finance and economics. We've covered the design and implementation of key classes, including User, Account, and Bank. This program takes user input for the principal amount, interest rate, and time duration to compute the interest. 10,000 at the rate of 5% for 5 units of time. Sep 19, 2025 · Introduction A Java program to calculate simple interest helps in determining the interest earned on a principal amount over a specific period. To calculate the amount payable on a simple interest loan, you can use the formula in python Simple Interest (SI) = (Principal x Rate x Time) / 100 Prompt the user to enter the principal amount (P), rate of interest (R), and time period (T). An object is created with the necessary values, and the method is called to print the simple interest. Simple interest is a fundamental concept in finance that serves as an excellent starting point for applying programming skills to real-world problems. Learn about how to use classes and objects ️ ️ using the Python programming language. So, without further delay, let’s get started. This article delves deep into creating Python programs for calculating simple interest, exploring various approaches and uncovering advanced techniques along the way. Here, a class is defined, and attributes are defined. This includes operations such as addition, subtraction, multiplication, division, and more advanced calculative tasks. Practice exercises and solutions are included. Understanding object classes in Python is essential for writing modular Nov 7, 2024 · Objective The objective of this program is to write a C++ code that will: Prompt the user to enter the principal amount, rate of interest, and time period. Understanding Simple Interest Before diving into code, it's crucial to Calculate Simple Interest Python Program This python program is used to compute simple interest for the user inputs principle, years and rate. Python is an object-oriented programming language, almost everything in Python is an object, which may have its properties and methods. Jul 24, 2024 · Function Definition: Define a function to calculate simple interest. Feb 12, 2018 · I am trying to write a code for myself that will give me an answer for simple interest, I will use same concept and later make compound interest. Follow our step-by-step guide to understand the basics and enhance your coding skills. Calculate simple interest using a user-defined function. Perfect for beginners! Here is a Python program that calculates the simple interest and the amount using formula along with an explanation and examples. C++ Program to Calculate Simple Interest: This article contains some programs in C++ that are used to find, calculate, and print simple interest based on the data entered by the user at run-time. Oct 26, 2024 · Here’s a step-by-step breakdown of a Python program that simulates a simple banking system. Apr 17, 2025 · Python Object-oriented programming (OOP) is based on the concept of “objects,” which can contain data and code: data in the form of instance variables (often known as attributes or properties), and code, in the form method. After that, use the simple interest formula, i. The code `app. This page contains examples of basic concepts of Python programming like loops, functions, native datatypes and so on. It describes its purpose—to calculate simple interest. Let us solve this step by step, STEP 1: Create a class Calculator and define all the functions of a basic calculator like addition, subtraction, multiplication and division. python program to create simple student result Create object for student class. We will give the principal amount, Rate of Interest, and Time. For example, if p = 1000, t = 2 (years), and r = 5%, the Simple Interest is calculated using the formula and resulting in Simple Interest = 100. It will work with user input values. ☝ Over 1,000 satisfied students! Write a Python class Employee with attributes like emp_id, emp_name, emp_salary, and emp_department and methods like calculate_emp_salary, emp_assign_department, and print_employee_details. Python program to calculate Simple interset in python. Jun 7, 2022 · Your All-in-One Learning Portal: GeeksforGeeks is a comprehensive educational platform that empowers learners across domains-spanning computer science and programming, school education, upskilling, commerce, software tools, competitive exams, and more. Passionate about coding and teaching, I publish practical tutorials on PHP, Python, JavaScript, SQL, and web development. Apr 16, 2025 · What is Object Oriented Programming in Python Object-oriented programming (OOP) is a programming paradigm based on the concept of " objects ". We will use the Python IDLE on the Windows operating system. Sep 4, 2022 · In the main () function, we are creating an object S of class SimpleInterest, reading the values inputted by the user using putValues () function, and finally calling the getSimpleInterest () member function to calculate the simple interest and total amount. The compounding interest formula is then applied to calculate the future value of Write a Python program to Calculate Simple Interest with an example. Oct 7, 2025 · Learn how to write a Python program to calculate Simple Interest. Mar 6, 2024 · This snippet defines a class with a constructor to initialize state, and a method to perform the interest calculation. Compound interest may be contrasted with simple interest, where interest is not added to the principal, so there is no compounding. We have defined three variables that will be used to calculate the simple interest in Python - principal_amount, time, and rate_of_interest. Call the methods in the class. By the end of The program is implemented using classes and objects for a structured approach to managing bank accounts. An instance of the class is created, and the functions are used to perform calculator operations. Almost everything in Python is an object, with its properties and methods. Aug 27, 2024 · Object-Oriented Programming (OOP) is a programming paradigm that organizes software design around data, or objects, rather than functions and logic. Hello/Namaste, In this article I will show you how to write a code in python to calculate Simple Interest. But before we jump into the algorithm or programming part let’s first discuss the formula of simple interest. when I do it as a percentage like Learn how to calculate simple interest in Python with a complete example and explanation. Introduction Simple interest is a quick method of calculating the interest charge on a loan. Practical Anjali Luthra 79. Whether you’re a student learning finance basics or a coder looking to sharpen your skills, understanding how to calculate simple interest in Python can be both fun and practical. We will explore how to create a Python program for a bank account using the concept of classes. This blog simplifies the fundamentals of OOP, covering class definitions, object creation, attributes, and methods. Below is the implementation: In this tutorial, we will learn about Python classes and objects with the help of examples. Users input two numbers and expect to receive the calculation’s result as the output. Input Handling: Using the Scanner class to read inputs for principal amount, rate of interest, and time. Classes provide a great way to solve complex programming problems by approaching them through models that represent real-world objects. Python Classes/Objects Python is an object oriented programming language. Function Call: Call the function with the collected inputs. Sep 4, 2022 · In the main () function, we are creating an object C of class CompoundInterest, reading the values inputted by the user using putValues () function, and finally calling the getCompoundInterest () member function to calculate the compound interest and total amount. This window acts as the central interface for placing all graphical elements, including labels, buttons, and entry fields. Step #1: Create the main window. This Python program simulates a simple bank management system using a Bank class. Simple Interest (SI) is calculated using the formula: SI = (Principal amount * Rate of Oct 3, 2019 · Learn Python Tutorial for beginners and professional with various python topics such as loops, strings, lists, dictionary, tuples, date, time, files, functions In this post, we will learn how to write a simple interest program in Python by taking input from the user and also we will write this program using the function with a detailed explanation and algorithm. May 1, 2024 · Welcome to our tutorial on building a simple bank system using Object-Oriented Programming (OOP) in Python! In this guide, we’ll create a system that manages bank accounts for multiple users, performs transactions, and includes a savings account with interest rates. My goal is to make learning simple, engaging, and project‑oriented with real examples and source code. Explore step-by-step examples using formulas, functions, user input, and more. The calculator allows users to input the principal amount, annual interest rate, time, and compounding frequency. Apr 9, 2023 · Find simple interest program in Python: Here, we are going to learn how to find the simple interest in Python when principle amount, rate of interest and time is given? This project is a simple compound interest calculator implemented using the Tkinter library in Python. Jul 7, 2021 · This tutorial describes a Python program to calculate and print the simple interest when the user gives an input of principal amount, rate of interest and time. Simple Interest Program in Python | Simple interest is a quick and easy method of calculating the interest charge on a loan. Mar 7, 2024 · Problem Formulation: In this article, we aspire to craft a Python class that encapsulates the functionality of a basic calculator. Apr 12, 2025 · Your All-in-One Learning Portal: GeeksforGeeks is a comprehensive educational platform that empowers learners across domains-spanning computer science and programming, school education, upskilling, commerce, software tools, competitive exams, and more. Python is a versatile and beginner-friendly programming language, making it perfect for creating tools like a simple interest program in Python. Sep 6, 2025 · Python’s object-oriented programming (OOP) allows you to model real-world entities in code, making programs more organized, reusable and easier to maintain. By grouping related data and behavior into a single unit, classes and objects help you write cleaner, more logical code for everything from small scripts to large applications. Object classes provide a way to organize data and behavior into reusable components. Input: p = 3000, r = 7, t = 1 Output:210 Feb 11, 2025 · Read this article to learn how to write a program to calculate simple interest based on the principal, rate, and time entered by users. Compound Interest formula: Formula to calculate compound interest annually is given by: Jan 12, 2025 · Object-Oriented Programming (OOP) is a key concept in Python, enabling developers to structure their code using classes and objects. Dec 18, 2024 · Given Principal p, Rate r and Time t, the task is to calculate Simple Interest. It allows users to create accounts, deposit money, withdraw money, check balances, and exit the program. You'll also see how to instantiate an object from a class. Jun 19, 2021 · This program in Python explores and determine to Simple Interest using Function & Parameter with simple narration. Guys if you like this video then subscribe our channel for daily new video Learn how to calculate simple interest using Python! 🔢💻 This quick Python program takes user inputs for principal amount, interest rate, and time to comput Mar 26, 2024 · In this tutorial, we've explored the process of building a secure online banking system using Python object-oriented programming. May 18, 2023 · Python program to write a bank account class with withdraw/deposit features like check current balance, withdraw money and deposit money. Main Method: The main method is the entry point of the program where the logic is executed. In the below example, we call a user-defined passing that takes the amount, rate, and total period of time used to calculate the simple interest on the given amount. Nov 5, 2024 · Simple interest is a method of calculating the interest charge on a loan or deposit, based on the original principal amount, interest rate, and the time period for which the money is borrowed or invested. In this program, we will ask the user to input principal, rate and time. In this Video we will create a simple Python Calculator which will cover all of our previous lessons like Classes, Methods, Objects, User Inputs and even Loops and If-Statements. Python, being an object-oriented language… Nov 11, 2024 · In this blog, we’ll explore core Python object-oriented programming (OOP) concepts by building a simplified Account class that simulates a bank account. Compound interest may be contrasted with simple interest, where interest is not added to the principal, so there is no compounding. Before we get into the example, let me show you the formula behind the Simple Interest calculation: Jul 11, 2025 · Apply the event Trigger on the widgets. Functions are defined within the class that perform certain operations. Pass the arguments. Output: Display the calculated simple interest. The formula to calculate compound interest annually is given by: A = P (1 + R/100) t Compound Interest = A - P Where, A: amount P: principal amount R: rate T: time span Using Exponentiation Operator This example calculates compound interest using the ** (exponent) operator. The key focus will be on creating a BankAccount class that allows users to: Deposit money into their account. Tkinter is a standard GUI (Graphical User Interface) toolkit for creating desktop applications. In Python, this concept can be translated into a straightforward program. Jul 24, 2024 · Class Definition: The class SimpleInterestCalculator encapsulates the entire program. 0. Designed for beginners, it explains OOP concepts with easy-to-follow examples and practical use cases. Aug 11, 2025 · C++ Exercises, Practice and Solution: Write a C++ program to enter P, T, R and calculate Simple Interest. Python Programs, Program to Calculate Simple Interest and Compound Interest. The calculator will be capable of calculating the total amount and monthly payment based on the loan amount, period and interest rate. Display the current balance. Mar 12, 2021 · When it is required to create a class that performs calculator operations, object oriented method is used. Jul 27, 2024 · Learn Python program for simple interest calculator. First, we'll discuss the basics of classes and objects, and how to define them in Python. We can calculate simple interest easily using python: Calculating Simple interest (Static Input) Calculating Simple interest (User Input) Drive into Python Programming Examples and explore more instances related to python concepts so that you can become proficient in generating programs in Python Programming Language. We need to Python Program to Create a Class which Performs Basic Calculator Operations This is a Python Program to find the area of a rectangle using classes. Method 3 Learn 4 different ways to write a Simple Interest program in Python. Jul 23, 2025 · The task of calculating Simple Interest in Python involves taking inputs for principal amount, time period in years, and rate of interest per annum, applying the Simple Interest formula and displaying the result. Here is a list of programs of simple interest using Python: Calculate simple interest without using a function. In this post, Python program to calculate simple interest using Jun 21, 2025 · Let's create a GUI-based simple calculator using the Python Tkinter module, which can perform basic arithmetic operations addition, subtraction, multiplication, and division. e. Step-by-step guide for beginners in English and Hindi. Python program for beginners. Jul 11, 2025 · Let's write a simple Python program using the Object-Oriented Programming (OOP) concept to simulate basic bank operations such as depositing and withdrawing money. Jun 11, 2023 · Python examples to calculate simple interest with user-given values in two ways. Master the formula and implementation easily. Add, subtract, multiply, and divide numbers using the calculator class. 1. Aug 8, 2024 · The program initializes an instance of the `Tk` class from the `tkinter` module, and assigns it to the variable `app` in order to create the main application window for the GUI. So, let’s dive in and explore how to create a Python program for student details using class. Python May 3, 2024 · Classes in Python allow developers to create reusable components for their code, making it easier to maintain and modify. A Class is like an object constructor, or a "blueprint" for creating objects. Calculation: A method calculateSimpleInterest is defined to compute the simple interest. Mar 7, 2019 · Learn more about Python Program to Calculate Simple Interest using the simple interest formula with time in years and interest rate. title (“Simple Interest Calculator”)` is used to set the window’s title to Create a basic calculator using class in python Problem statement: Write a python program to create a class which performs basic calculator operations. Please check the code below: # tkinter … Sep 10, 2025 · Classes and objects are fundamental principles in object-oriented programming (OOP), allowing you to encapsulate data and behavior into a single entity. It enables developers to create modular, reusable code, and model real-world scenarios more intuitively. This example highlights essential Feb 14, 2023 · Conclusion In this blog post, we have learned how to write a Java program to calculate the simple interest by taking input from the user for principal, time, and rate. Jul 23, 2025 · Simple interest is a quick method of calculating the interest charge on a loan. Let's get this Oct 11, 2025 · Let us discuss the formula for compound interest. They allow you to create custom data types with their own methods (functions) and attributes (variables). But what is OOP? OOP is a paradigm that uses objects and classes to structure software applications. A class in Python is a blueprint for an object, and the object in Python is an instance of it, but with real values. Class A class in Python is a user-defined template for May 12, 2025 · The “Bank Account Class in Python” is a fantastic way to get a grasp on object-oriented programming. You'll learn the basics of the OOP paradigm and cover concepts like classes and inheritance. The GUI will look like below: Let's see how to create a loan calculator using Python GUI library Tkinter. Simple interest calculations are widely used in banking and financial applications. Feb 3, 2021 · Program to calculate Simple Interest in Python The program to calculate simple interest in Python is as follows: # Owner : TutorialsInhand Author : Devjeet Roy principal = float (input ("Enter the principal: ")) rate = float (input ("Enter the rate of interest: ")) time = float (input ("Enter the time: ")) si = (principal * time * rate) / 100 print ("The simple interest is Rs",si); The output Jul 2, 2025 · By understanding and implementing these Python techniques for compound interest calculations, you're well-equipped to make more informed financial decisions and create sophisticated financial analysis tools. Let's write a Python Program to calculate simple interest in this tutorial. 5K subscribers 462 Feb 11, 2025 · In this tutorial, we will learn how to write a program in C, C++, Python, and Java to calculate the compound interest. Examples : Input: p = 10000, r = 5, t = 5 Output:2500 Explanation: We need to find simple interest on Rs. Just like other programming languages, a class is a "blueprint" for creating objects. An object-oriented paradigm is to design the program using classes and objects. Dec 15, 2024 · In this tutorial, you'll learn how to create and use full-featured classes in your Python code. Nov 5, 2024 · Answer: Here's a Python program to calculate simple interest using a for loop to calculate interest for multiple years: ``` def calculate_simple_interest (): principal = float (input ("Enter the principal amount: ")) rate = float (input ("Enter the rate of interest (in %): ")) # Calculate interest for multiple years for year in range (1, 6): # Calculate for 5 years interest = (principal * year May 16, 2024 · Python Program to Calculate Simple Interest Using Function Let's understand how to find the simple interest using a user-defined function using an example. Mar 3, 2024 · In this article I'll show how we can work with python using (OOP) Object-Oriented Programming. (principal*rate*time)/100. Python classes and objects are the starting point in Python Programming. Continue to explore and expand on these concepts to deepen your understanding of both Python programming and financial mathematics. t8yu crm atwd a70es lcxcb ttbn 8lql81 38j skc pvg3