Finance Sector


Finance Sector

Problem Description

Raj deposit $10000 into a bank account paying 7% simple interest per year. He left the money in for 5 years. Find the interest earned and the amount at the end of those 5 years by Raj? Help him to find the interest and amount resided in bank after 5 years?

STEP 1: Find an interest by using the formula

I=P<=i<=t, where I is interest, P is total principal, i is rate of interest per year, and t is total time in years.

STEP 2: Find an amount by using the formula A=P+I.

Input and Output Format:

Refer sample input and output for formatting specification.

All float values are displayed correct to 2 decimal places.

All text in bold corresponds to input and the rest corresponds to output.

Logic Test Case 1

Input (stdin)




Expected Output

Interest= 3500

Amount= 13500

Logic Test Case 2

Input (stdin)




Expected Output

Interest= 6400

Amount= 26400

Code Area


import java.util.Scanner;

public class TestClass


    public static void main(String args[]) 


        int p, r, t;

        Scanner s = new Scanner(;

        p = s.nextInt();

        r = s.nextInt();

        t = s.nextInt();

        int si,A;

        si = (r * t * p) / 100;


        System.out.println("Interest= " + si);

      System.out.print("Amount= "+A);



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