Hello, friends.
Today we discuss how to find out the simple interest using formula node.
So just.
Go to structures.
Over here we have formula node.
Just drag and drop.
So in the formula of simple interest, I just need.
Some output.
That is my simple interest.
That is equal to.
Principal.
Into.
Rate of interest into time and the complete is divided by 100.
This is my formula of simple interest.
Okay.
And in the formula node it is required that you have to put colon at last.
So I just add input over here.
So my input is P.
That is principal input is my ah, that is my rate of interest and the input is my T, that is my time
and the output is my.
AC So you have to just put the same expression inside these variables.
The variable may be input variable or the output variable.
So just create control over here.
Create control over here.
So this is my T, This is my P.
And this is my rate of interest.
Ah, okay.
So now over here.
This is my indicator.
That is my simple interest.
I just put.
Simple interest over here.
So this is how you can find out the simple interest.
So just put let's say input is my P is my 1000, rate of interest is 10% and the time is, let's say
one.
So just change the size.
So over here.
As you see when you hit on run button, it will give you 100.
As you see, my simple interest is 100.
And if you want to find out the total amount, also the amount is equal to principal plus simple interest.
Okay, so now over here you got the output.
That is my A and that is equal to.
That is my amount.
Or here.
This is my amount.
In this case, my amount is 1100.
So as you see over here, we have Broken Arrow because we didn't put any semicolon over here.
When you put semicolon over here.
Over here.
It will resolve my broken arrow.
So when I hit on run button, as you see, this is my amount on this principle for a particular rate
of interest for a particular time.
So if you want to change the time, let's say it is two year.
The 45 year.
Six year, seven year, eight year.
If you want to find out the time in how many time for the same particular rate of interest, the amount
should be double itself.
So as you see in ten years, the amount is doubled for a rate of 10% interest.
Okay, simple interest.
So this is how you can find out the simple interest using formula node.
Thank you.