Question

Q.5] WAP to calculate simple interest or compound interest as given by the following formulae depending on the user's choice. Simple interest = PxRxT/100 Compound interest =P 1 + R 1 100​

Answer 1

Answer:

import java.util.Scanner;

public class JavaExample

{

public static void main(String args[])

{

float p, r, t, sinterest;

Scanner scan = new Scanner(System.in);

System.out.print("Enter the Principal : ");

p = scan.nextFloat();

System.out.print("Enter the Rate of interest : ");

r = scan.nextFloat();

System.out.print("Enter the Time period : ");

t = scan.nextFloat();

scan.close();

sinterest = (p * r * t) / 100;

System.out.print("Simple Interest is: " +sinterest);

}

}