### Java Program to Calculate Simple Interest - The Coding Shala

Home >> Java Programs >> Calculate Simple Interest

In this post, we will learn how to Calculate Simple Interests in Java.

## Java Program to Calculate Simple Interest

You have given the principal amount, rate of interest, and time. Write a Java Program to calculate the interest amount.

We will use the formula of simple Interest.

**Simple Interest = (P * R * T) / 100**

Here, P = Principle Amount

R = Rate of Interest

T = Time

**Java Program: **

// Java program to Calculate Simple Interest public class Main { public static void main(String[] args) { float P = 2000; float R = 6; float T = 3; // calculate interest using formula float interest = (P * R * T) / 100; // print System.out.println("Principal amount is: " + P); System.out.println("Interest Rate is: " + R); System.out.println("Time is: " + T); System.out.println("Total Interest is: " + interest); } }

**Output: **

Principal amount is: 2000.0 Interest Rate is: 6.0 Time is: 3.0 Total Interest is: 360.0

**Other Posts You May Like**- Java Program to Find the Area of Triangle
- Java Program to Find the Area of Circle
- Java Program to Find the Area of Rectangle
- Java Program to Calculate the Power of a Number
- Java Program to Calculate the Power of a Number using Recursion

## Comments

## Post a Comment