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We want to calculate what would be the simple interest for 5 years if the principal amount is 500 and the interest rate is 12% annually.
We will need to define 3 variables and perform the calculation to get the interest.
Open Jupyter notebook on the right-hand side tab.
Declare integer variables as described below.
principal
- assign a value of 500
interest_rate
- assign a value of 12
years
- assign a value of 5
Now, declare a new variable interest
which will be assigned the value of calculation of interest like below:
interest
= [calculation of simple interest using above defined variables]
Press Shift+Enter in each of the cells where you wrote the code.
Click on "Submit Answer".
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