1.

Write the java expression for the following. SI = PRT/100 where SI is simple interest, P is Principal, R is rate and T is time.​

Answer»

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Simple Interest = (P × R × T)/100

P is Principal amount.

R is rate PER annum.

T is time in years.

For example: Let’s say a man deposit 2000 INR in bank account at a interest rate of 6% per annum for 3 years, calculate the simple interest at the end of 3 years.

Simple interest = 2000*6*3/100 = 360 INR

Java Program to calculate simple interest

In the following example we are taking the values of p, r and t from user and then we are calculating the simple interest based on entered values.

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