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!

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