In this post, we will write a java program to calculate simple interest.
Simple Interest = (P × R × T)/100
P is Principal amount.
R is rate per annum.
T is time in years.
Let's Check Example
import java.util.Scanner;
public class JavaExample
{
public static void main(String args[])
{
float p, r, t, sinterest;
Scanner scan = new Scanner(System.in);
System.out.print("Enter the Principal : ");
p = scan.nextFloat();
System.out.print("Enter the Rate of interest : ");
r = scan.nextFloat();
System.out.print("Enter the Time period : ");
t = scan.nextFloat();
scan.close();
sinterest = (p * r * t) / 100;
System.out.print("Simple Interest is: " +sinterest);
}
}
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Output
Enter the Principal : 2000
Enter the Rate of interest : 6
Enter the Time period : 3
Simple Interest is: 360.0
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