calculate_interest
Calculates simple interest using the formula: Interest = Principal × Rate × Time. Rate should be provided as a percentage and time in years. (cost: 1 credit)
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| time_period | No | number, required, time period in years | |
| interest_rate | No | number, required, annual interest rate as a percentage (e.g., 5 for 5%) | |
| principal_amount | No | number, required, principal amount in currency units |