Write a program in Java that takes input using the Scanner class to calculate the Simple Interest and the Compound Interest with the given values: i. Principle Amount = Rs.1,00,000 ii. Rate = 11.5% iii. Time = 5 years Display the following output: i. Simple interest ii. Compound interest iii. Absolute value of the difference between the simple and compound interest.

import java.util.Scanner;

public class q1

{

    public static void main(String[ ] args) 

    {

        Scanner in = new Scanner(System.in);

        System.out.print("Enter Principal: ");

        double p = in.nextDouble();

        System.out.print("Enter Rate: ");

        double r = in.nextDouble();

        System.out.print("Enter Time: ");

        int t = in.nextInt();

        

        double si = p * r * t / 100.0;

        double cAmt = (p * Math.pow(1 + (r / 100), t));

        double ci = cAmt - p;

        double diff = Math.abs(si - ci);

        

        System.out.println("Simple interest = " + si);

        System.out.println("Compound interest = " + ci);

        System.out.println("Absolute Difference = " + diff);

    }

}

PROGRAM :

OUTPUT :