In this Java example code we will calculate the simple interest with given principal, rate and time period values.
Simple Interest = (P × R × T) / 100
P — Principal amount
R — rate per annum
T — time in years
Java method to calculate simple interest with given p, r and t values.
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public double getSimpleInterest(int p, double r, int t) { double simpleInterest = (p * r * t) / 100; return simpleInterest; } |