How to calculate Simple Interest in Java Programming

Simple Interest is the extra amount which has to be given by the person who bears/takes the loan from banks or others at the fixed rate.

Formula of Simple Interest =(P*R*T)/100
Where P=Principle amount of loan
R=Rate at which interest has to be paid
T=Time under which loan has to be paid.

Java Code for calculating Simple Interest

import java.util.Scanner;
public class SI
public static void main(String[] args)
Scanner s=new Scanner(;
int p,r,t;
double interest;
System.out.print(“Enter principle amount :”);
System.out.print(“Enter rate of interest :”);
System.out.print(“Enter time period :”);
System.out.println(“Interest = “+interest);

Output :

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