# 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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