Question

write a program in java to find out the simple interest and amount using input stream
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Answer 1

Answer:

Simple Interest = (P × R × T)/100

where P = Principal Amount, R = Rate per Annum, T = Time (years)

Algorithm

Define Principal, Interest and Time of loans.

Apply in the formula.

Print the Simple Interest.

Explanation:

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Answer 2

Answer:

Explanation

Simple Interest is the convenient method used in banking and economic sectors to calculate the interest charges on loans.It gets estimated day to day with the help of some mathematical terms.

Formula

Simple Interest = (P × R × T)/100  

where P = Principal Amount, R = Rate per Annum, T = Time (years)  

Algorithm

Define Principal, Interest and Time of loans.

Apply in the formula.

Print the Simple Interest.

Explanation:

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