Here you will get java program to calculate simple interest.
We can calculate simple interest in java by using following formula.
Simple Interest = (Principle x Rate x Time) / 100
Also Read: Java Program to Calculate Compound Interest
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import java.util.Scanner; public class JavaSimpleInterest { public static void main(String args[]){ float p, r, t, si; Scanner sc = new Scanner(System.in); System.out.print("Enter principle: "); p = sc.nextFloat(); System.out.print("Enter rate: "); r = sc.nextFloat(); System.out.print("Enter time: "); t = sc.nextFloat(); si = (p * r * t) / 100; System.out.print("\nSimple Interest = " + si); } } |
Output
Enter principle: 1000
Enter rate: 3
Enter time: 2
Simple Interest = 60.0
