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# Java Program for simple interest

• Difficulty Level : Easy
• Last Updated : 06 Dec, 2018

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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