C# Program to Find Simple Interest

This is a C# Program to calculate simple interest.

This C# Program Calculates Simple Interest.

Here Simple interest is determined by multiplying the interest rate by the principal by the number of periods.

Here is source code of the C# Program to Calculate Simple Interest. The C# program is successfully compiled and executed with Microsoft Visual Studio. The program output is also shown below.

/*
 * C# Program to Calculate Simple Interest
 */
using System;
namespace Interest
{
 class Program
 {
 static void Main(string[] args)
 {
     int year;
     double princamt,rate, interest, total_amt;
     Console.Write("Enter The Loan Amount : ");
     princamt = Convert.ToDouble(Console.ReadLine());
     Console.Write("Enter The Number of Years : ");
     year = Convert.ToInt16(Console.ReadLine());
     Console.Write("Enter the Rate Of Interest : ");
     rate = Convert.ToDouble(Console.ReadLine());
     interest = princamt * year * rate / 100;
     total_amt = princamt + interest;
     Console.WriteLine("Total Amount : {0}", total_amt);
     Console.ReadLine();
 }
 }
}

In this C# program, library function defined in header file is used. We are reading the loan amount, the number of years, and the rate of interest using ‘princamt’, ‘year’ and ‘rate’ variables respectively. To compute the simple interest following formula is used.

Simple Interest = princamt * rate * year / 100

 
Enter the Loan Amount : 1000
Enter the Number of Years : 3
Enter the Rate of Interest : 2
Total Amount : 1060