Question

Write the java expression for the following. SI = PRT/100 where SI is simple interest, P is Principal, R is rate and T is time.​

Answer 1

$\huge\pink{ANSWER}$

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.

Simple interest = 2000*6*3/100 = 360 INR

Java Program to calculate simple interest

In the following example we are taking the values of p, r and t from user and then we are calculating the simple interest based on entered values.

I HOPE IT HELPS ☺️ FOLLOW ME DUDE (◍•ᴗ•◍)❤

Answer 2

Answer:

The answer to the given question is explained in the explanation.

Explanation:

Simple interest is a convenient method used by banks and the economic sector to calculate interest payments on loans. It is calculated daily in some mathematical terms.

To calculate the Simple Interest = (P × R × T)/100

Where P = Principal, R = Annual Interest, T = Time (years)

Algorithm:

• Determination of principal, interest, and loan terms.
• Applies to formulas.
• Simple interest output.

Java program for the given question is:

public class Main

{

public static void main(String args [])

{ float p, r, t, si; // principal, interest rate, time and interest each

p = 13000; r = 12; t = 2;

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

System.out.println("Simple interest: " +si);

}}

#SPJ3