simple_interest_calc
Calculate simple interest using principal, annual interest rate, and time period in years. Useful for financial planning and loan calculations.
Instructions
Calculate simple interest: interest = principal × rate × time.
Parameters:
principal — Principal amount.
rate — Annual interest rate (e.g. 5.0 for 5%).
time — Time period in years.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| principal | Yes | ||
| rate | Yes | ||
| time | Yes |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
| result | Yes |