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Write a Java Program to Calculate simple interest and compound interest
PROGRAM: Java Program to Calculate simple interest and compound interest
/*Java Program to Calculate simple interest and compound interest*/
1: Calculate Simple Interest in Java
import java.util.Scanner;
class Main {
public static void main(String[] args) {
// create an object of Scanner class
Scanner input = new Scanner(System.in);
// take input from users
System.out.print(“Enter the principal: “);
double principal = input.nextDouble();
System.out.print(“Enter the rate: “);
double rate = input.nextDouble();
System.out.print(“Enter the time: “);
double time = input.nextDouble();
double interest = (principal * time * rate) / 100;
System.out.println(“Principal: ” + principal);
System.out.println(“Interest Rate: ” + rate);
System.out.println(“Time Duration: ” + time);
System.out.println(“Simple Interest: ” + interest);
input.close();
}
}
