Java Program for simple interest

Simple interest formula is given by:
Simple Interest = (P x T x R)/100
Where,
P is the principle amount
T is the time and
R is the rate

Examples:

EXAMPLE1:
Input : P = 10000
        R = 5
        T = 5
Output :2500
We need to find simple interest on 
Rs. 10, 000 at the rate of 5% for 5 
units of time.

EXAMPLE2:
Input : P = 3000
        R = 7
        T = 1
Output :210
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// A Simple JAVA program to compute
// simple interest for given principal
// amount, time and rate of interest.
import java.io.*;
  
class GFG {
    public static void main(String args[])
    {
        // We can change values here for
        // different inputs
        float P = 1, R = 1, T = 1;
  
        /* Calculate simple interest */
        float SI = (P * T * R) / 100;
        System.out.println("Simple interest = " + SI);
    }
}
  
// This code is contributed by Anant Agarwal.

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Output:



Simple interest = 0.01

Please refer complete article on Program to find simple interest for more details!



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