Java Program to Calculate Simple Interest
Java Program to Calculate Simple Interest
Today In this video i am showing how to write a java program to calculate simple interest. so watch this video till the end.
Difficulty Level : Easy
Simple interest is a quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.
Simple interest formula is given by:
Simple Interest = (P x T x R)/100
Where,
P is the principal amount
T is the time and
R is the rate
Examples: –
Example 1:
Input : P = 10000
R = 5
T = 5
Output : 2500
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