## \$show=/label

A quick java practical guide and program to find simple interest.

## 1. Introduction

In this tutorial, We will learn how to write a java program to find simple interest.

To calculate simple interest, you should know the formula for it.

Simple Interest(SI) = (P × N × R)/100

Here is the meaning for each team in it.

P is Principal amount
R is the rate per annum
N is time in years

Just for demonstration, We will take an example that a man depositing 10000 rupees into his bank account with an interest of 7% for 5 years. Let us calculate the simple interest that will be given by the bank.

```SI = (10000 * 5 * 7) / 100 = 3500
```

## 2. Java Program To Find Simple Interest

Now, writing a simple java program to find simple interest using the above formula.

```package com.java.w3schools.blog.java.program.to;

import java.util.Scanner;

/**
*
* Java Program to Calculate Simple Interest
*
* @author JavaProgramTo.com
*
*/
public class SimpleInteretExample {

public static void main(String[] args) {

System.out.println("Enter the total principle: ");
Scanner scanner = new Scanner(System.in);
float p = scanner.nextFloat();

System.out.println("Enter the number of years: ");
float n = scanner.nextFloat();

System.out.println("Enter the interest: ");
float r = scanner.nextFloat();

float si = (p * n * r) / 100;

System.out.println("Calculated simple interest is : " + si);

}

}
```

Output:

```Enter the total principle: 10000
Enter the number of years: 5
Enter the interest: 7
Calculated simple interest is : 3500.0
```

You can try for different inputs when you are running this program every time and see the behavior.

## 3. Conclusion

In this article, we have seen how to calculate the simple interest for a given principal amount, years and interest. Simple interest formula : (P × N × R)/100

## 4. References

Wikipedia
investopedia

BLOGGER

Author: Venkatesh - I love to learn and share the technical stuff.
Name

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JavaProgramTo.com: Java Program to Calculate Simple Interest
Java Program to Calculate Simple Interest
A quick java practical guide and program to find simple interest.
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JavaProgramTo.com
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