Answer to Question #309720 in Java | JSP | JSF for Djk

Question

Create a program that will compute the simple interest loans in the bank. The program will ask the user to input the principal amount , the rate per annum and the time (in years).

Given the formula:

Interest = Principal Amount * RateperAnnum * Time / 100

Answer 1

import java.util.Scanner;


class App {
	public static void main(String[] args) {
		Scanner scan = new Scanner(System.in);
		System.out.print("Enter Principal Amount : ");
		double principal = scan.nextDouble();
		System.out.print("Enter Rate of Interest : ");
		double rate = scan.nextDouble();
		System.out.print("Enter Time period in years : ");
		int time = scan.nextInt();
		double p = (principal * rate * time) / 100;
		System.out.println("Payment: " + p);
	}
}