In this tutorial, we will write a java program to calculate compound interest.
Simple Interest Formula
Simple Interest = (P × R × T)/100
- P is the Principal amount.
- R is the rate per annum.
- T is time in years.
For example: Let’s say a man deposit 5000 INR in a bank account at an interest rate of 5% per annum for 5 years, calculate the simple interest at the end of 5 years.
Simple interest = 5000*5*5/100 = 1250.0 INR
Java Program to calculate simple interest
In the following program, we are taking the values of p, r, and t from a user, and then we are calculating the simple interest based on entered values.
package com.javaguides.java.tutorial;
import java.util.Scanner;
/**
* Java Program to calculate simple interest
*
* @author https://www.sourcecodeexamples.net/
*
*/
public class JavaProgram {
public static void main(String[] args) {
try (Scanner scanner = new Scanner(System.in)) {
float p, r, t, sinterest;
System.out.print("Enter the Principal : ");
p = scanner.nextFloat();
System.out.print("Enter the Rate of interest : ");
r = scanner.nextFloat();
System.out.print("Enter the Time period : ");
t = scanner.nextFloat();
sinterest = (p * r * t) / 100;
System.out.print("Simple Interest is: " + sinterest);
}
}
}
Output:
Enter the Principal : 5000
Enter the Rate of interest : 5
Enter the Time period : 5
Simple Interest is: 1250.0
Related Java Programs
- Java program to calculate the area of Triangle
- Java Program to Calculate Area of Square
- Java Program to Calculate Area of Rectangle
- Java Program to find the Smallest of three numbers using Ternary Operator
- Java Program to Find Largest of Three Numbers
- Java Program to Find GCD of Two Numbers
- Java Program to Check Armstrong Number
- Java Program to Generate Random Number
- Java Program to Check if Number is Positive or Negative
- Java program to check prime number
- Java Program to Calculate Simple Interest
- Java Program to Swap Two Numbers Without using a Temporary Variable
- Java Program to Swap Two Numbers
- Java Program to Find ASCII Value of a Character
- Java Program to Check Whether an Alphabet is Vowel or Consonant
- Java Program to Check Leap Year
- Java Program to Multiply Two Numbers
- Java Program to Check Even or Odd Number
- Java Program to Add Two Numbers
- Java Program to Swap Two Strings Without Using Third Variable
- Java Program to Swap Two Strings with Third Variable
- How to Get All Digits from String in Java
- Find Duplicate Number in Array in Java
- How to Get Current Working Directory in Java?
- Check Palindrome String in Java
- Java Program to Create Pyramid Of Numbers
Comments
Post a Comment