Q. Java Program for simple interest

Simple interest formula is given by: Simple Interest = (P x T x R)/100 Where, P is the principle amount T is the time and R is the rate

EXAMPLE1: Input : P = 10000 R = 5 T = 5 Output :2500 We need to find simple interest on Rs. 10, 000 at the rate of 5% for 5 units of time.

EXAMPLE2: Input : P = 3000 R = 7 T = 1 Output :210