Computer Science, asked by SamparnaRoutray, 5 months ago

Write a menu driven program in java to calculate the interest and

total amount to be paid by entering the amount of loan and the
number of years, either by

i.
Simple Interest method

ii.
Compound interest method ​

Answers

Answered by hrittikaghosh04
1

Answer:

Simple Interest Formula

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.

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