Problem Statement ?
- Given
- Principal amount (P).
- Rate of interest (R).
- Time Period (T)
- Find out the simple interest in Java
Example: calculate simple interest in java
Formula for Simple Interest : (Principal × Rate of Interest × Time)/100
Suppose,
Principal = 10000 dollars
Rate of interest = 10% per annum
Time Period = 5 years.
Simple Interest = (10000 * 10 * 5) / 100
Simple Interest = 5000 dollars
Program: calculate simple interest in java
package org.learn.beginner;
import java.util.Scanner;
public class SimpleInterest {
public static void main(String[] args) {
try (Scanner scanner = new Scanner(System.in)) {
System.out.print("Enter principal amount: ");
double principal = scanner.nextDouble();
System.out.print("Enter rate of interest: ");
double rate = scanner.nextDouble();
System.out.print("Enter time in years: ");
double time = scanner.nextDouble();
double simpleInterest = (principal * rate * time) / 100;
System.out.println("Simple Interest is :"+simpleInterest);
}
}
}
Output: simple interest for Principal amount is
Enter principal amount: 10000
Enter rate of interest: 10
Enter time in years: 5
Simple Interest is :5000.0
