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

`// 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. ` |

**Output:**

Simple interest = 0.01

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