Q.The volume of a sphere with radius r is 4/3πr³. Write a Python program to find the volume of spheres with radius 7cm, 12cm, 16cm, respectively.
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Start your 14-day free trial to unlock the full solution →Concept understanding — Simple Interest Calculation
Simple Interest: The Cost of Borrowing (or the Reward for Saving)
Imagine you lend a friend ₹100. A year later, they return the ₹100. You're even — but you also missed the chance to use that ₹100 yourself for a whole year. That inconvenience has a price. In finance, that price is called interest.
Simple interest is the most straightforward way to calculate that price. It says: the interest you earn (or pay) each year is a fixed percentage of the original amount you started with — no matter how many years pass.
The Core Intuition
Think of it like renting money. If you rent a car for a day, you pay a fixed daily rate. If you rent it for 5 days, you pay 5 times that daily rate. Simple interest works the same way:
- The Principal (P) is the amount you lend or borrow — the "car."
- The Rate (R) is the daily rental charge, expressed as a percentage of the car's value — the "rent per day."
- The Time (T) is how many days you keep the car — the number of years.
The total rent (interest) is just: daily rent × number of days.
The Precise Statement
Where:
- P = Principal (the original sum of money)
- R = Rate of interest per year (in percent)
- T = Time period (in years)
The Total Amount (A) you get back (or owe) at the end is:
Why Divide by 100?
The rate is given as a percentage — say 10%. "10% per year" means you get ₹10 for every ₹100 you lend, each year. So for a principal , the interest for one year is:
That's the same as . For years, you multiply by , giving .
A Worked Example
You deposit ₹2000 in a bank that offers 8% simple interest per year. You leave it for 3 years.
- P = ₹2000
- R = 8
- T = 3
So after 3 years, you earn ₹480 in interest. Your total amount becomes:
Notice that each year you earn exactly the same interest: . Year 1: ₹160, Year 2: another ₹160, Year 3: another ₹160. The interest never grows because it's always calculated on the original ₹2000, not on the growing balance.
The Key Property (and its Limitation)
Simple interest is linear — the interest grows at a constant rate each year. This makes it easy to calculate and understand. …
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