Absolute Java (6th Edition)
Absolute Java (6th Edition)
6th Edition
ISBN: 9780134041674
Author: Walter Savitch, Kenrick Mock
Publisher: PEARSON
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Chapter 1, Problem 6PP

Write a program for calculating the simple interest on a loan when the initial principal amount (princi_amnt) is $1000, the initial interest rate (int_rate) is 5.0 % , and the number of years (no_of_yrs) is 5. Use suitable data types to declare these variables. Simple interest is calculated using the following equation:

Simple interset = Principal amount × Interest rate × Number of years 100

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Chapter 1 Solutions

Absolute Java (6th Edition)

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