Question

WRITE A JAVA CODE

You take a loan from a friend and need to calculate how much you will owe him after 6 months.

You are going to pay him back 10% of the remaining loan amount each month.

Create a program that takes the loan amount as input, calculates and outputs the remaining amount after 6 months.

Sample Input:

20000

Sample Output:

10628

Here is the monthly payment schedule:

Month 1

Payment: 10% of 20000 = 2000

Remaining amount: 18000

Month 2

Payment: 10% of 18000 = 1800

Remaining amount: 16200

Month 3:

Payment: 10% of 16200 = 1620

Remaining amount: 14580

Month 4:

Payment: 10% of 14580 = 1458

Remaining amount: 13122

Month 5:

Payment: 10% of 13122 = 1313

Remaining amount: 11809

Month 6:

Payment: 10% of 11809 = 1181

Remaining amount: 10628​

Answer 1

Answer:

You take a loan from a friend and need to calculate how much you will owe him after 3 months.

You are going to pay him back 10% of the remaining loan amount each month.

Create a program that takes the loan amount as input, calculates and outputs the remaining amount after 3 months.

Sample Input:

20000

Sample Output:

10628

Here is the monthly payment schedule:

Month 1

Payment: 10% of 20000 = 2000

Remaining amount: 18000

Month 2

Payment: 10% of 18000 = 1800

Remaining amount: 16200

Month 3:

Payment: 10% of 16200 = 1620

Remaining amount: 14580

Explanation:

import java.util.Scanner;

public class sakshath{

public static void main(String[]args){

 int month=3;

 double due;

 

 Scanner scan = new Scanner(System.in);

 double loanamount= scan.nextInt();

  while(month<6){

   due=(0.1*loanamount);

   loanamount=loanamount-due;

   month++;

  }

  int loanamounts=(int)loanamount;//dont forgot this... conversion

  System.out.println(loanamounts);

}

   

}