# 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.
 Enter the principal amount: 200Enter the time(years): 5Enter the rate: 5The simple interest is: 50 Enter the principal amount: 70000Enter the time(years): 1Enter the rate: 4The simple interest is: 2800

## 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

Updated on: 31-Jul-2021

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