Java Program to Calculate Simple Interest - The Coding Shala

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 In this post, we will learn how to Calculate Simple Interests in Java.

Java Program to Calculate Simple Interest

You have given the principal amount, rate of interest, and time. Write a Java Program to calculate the interest amount.

We will use the formula of simple Interest.

Simple Interest = (P * R * T) / 100

Here, P = Principle Amount
          R = Rate of Interest
          T = Time

Java Program: 

// Java program to Calculate Simple Interest

public class Main {
	
	public static void main(String[] args) { 
		
		float P = 2000;
		float R = 6;
		float T = 3;
		
		// calculate interest using formula
		float interest = (P * R * T) / 100;
		
		// print 
		System.out.println("Principal amount is: " + P);
		System.out.println("Interest Rate is: " + R);
		System.out.println("Time is: " + T);
		System.out.println("Total Interest is: " + interest);
	}
}

Output: 

Principal amount is: 2000.0
Interest Rate is: 6.0
Time is: 3.0
Total Interest is: 360.0


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