This program explains how to calculate simple interest using methods. The formula for calculating simple interest is I = P * T * R / 100.0 where I is interest, P is principal, T is time in years and R is interest rate per annum.
Interest for Rs 5000.0 for 2.0 years at the rate of 11.25% p.a. is Rs 1125.0
This program shows how to calculate simple interest using methods. At
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