Golang Program to Compute Simple Interest Given all the Required Values

Steps

• Read the values for principal amount, rate and time.
• Using the formula, compute the simple interest.
• Print the value for the computed interest.

Explanation

• User must enter the values for the principal amount, rate and time.
• The formula: (amount*time*rate)/100 is used to compute the simple interest.
• The simple interest is later printed.

Example

 Live Demo

package main import "fmt" func main() {    var principal, time, rate int    fmt.Print("Enter the principal amount: ")    fmt.Scanf("%d", &principal)    fmt.Print("Enter the time in years: ")    fmt.Scanf("%d", &time)    fmt.Print("Enter the rate: ")    fmt.Scanf("%d", &rate)    simpleInterest :=(principal*time*rate)/100    fmt.Println("The simple interest is: ", simpleInterest) }

Output

Enter the principal amount: 10000 Enter the time in years: 5 Enter the rate: 5 The simple interest is: 2500