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Java program to calculate interest



Following program shows you how to calculate interest. In this program we get investment, interest rate and time from user and calculate interest using following formula Interest = investment X interestRate X time / 100

import java.util.Scanner;

public class BasicMath15 {

	public static void main(String[] args) {

		int investment;
		int interestRate;
		int time;

		Scanner in = new Scanner(System.in);

		System.out.println("Enter investment:");
		investment = in.nextInt();

		System.out.println("Enter interest rate:");
		interestRate = in.nextInt();

		System.out.println("Enter number of years:");
		time = in.nextInt();

		int interest = investment * interestRate * time / 100;

		System.out.println("Interest amount is: " + interest);

	}
}

Output:

Enter investment:
100000
Enter interest rate:
24
Enter number of years:
2
Interest amount is: 48000