{"id":8435,"date":"2022-12-13T23:00:00","date_gmt":"2022-12-13T17:30:00","guid":{"rendered":"https:\/\/www.codingbroz.com\/?p=8435"},"modified":"2022-12-15T11:56:02","modified_gmt":"2022-12-15T06:26:02","slug":"go-program-to-calculate-simple-interest","status":"publish","type":"post","link":"https:\/\/www.codingbroz.com\/go-program-to-calculate-simple-interest\/","title":{"rendered":"Go Program to Calculate Simple Interest"},"content":{"rendered":"\n<p>In this post, we will learn how to write a program to calculate simple interest using the Go programming language.<\/p>\n\n\n\n<p>Simple interest is a method to calculate the amount of interest charged on a principal amount at a given rate for a given period of time.<\/p>\n\n\n\n<p>To calculate the simple interest, we use the following formula:<\/p>\n\n\n\n<p><strong>SI = (P x R X T)\/ 100<\/strong><\/p>\n\n\n\n<p>Where,&nbsp;<\/p>\n\n\n\n<ul>\n<li>P is the principal amount<\/li>\n\n\n\n<li>R is the rate of interest<\/li>\n\n\n\n<li>T is the Time Period (in Years)<\/li>\n<\/ul>\n\n\n\n<p>This Golang program allows the user to enter the principal amount, rate of interest, and time period. Then, it calculates the simple interest using the formula: SI = (P*R*T)\/100.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-662c9a2e85a1a\" class=\"ez-toc-cssicon-toggle-label\"><label class=\"ez-toc-title\">Table of Contents<\/label>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #0090ff;color:#0090ff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #0090ff;color:#0090ff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-662c9a2e85a1a\" checked \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.codingbroz.com\/go-program-to-calculate-simple-interest\/#Go_Program_to_Calculate_Simple_Interest\" title=\"Go Program to Calculate Simple Interest\">Go Program to Calculate Simple Interest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.codingbroz.com\/go-program-to-calculate-simple-interest\/#How_Does_This_Program_Work\" title=\"How Does This Program Work?\">How Does This Program Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.codingbroz.com\/go-program-to-calculate-simple-interest\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Go_Program_to_Calculate_Simple_Interest\"><\/span><strong>Go Program to Calculate Simple Interest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<pre class=\"EnlighterJSRAW\" data-enlighter-language=\"golang\" data-enlighter-theme=\"\" data-enlighter-highlight=\"\" data-enlighter-linenumbers=\"\" data-enlighter-lineoffset=\"\" data-enlighter-title=\"\" data-enlighter-group=\"\">package main\n\nimport (\n\t\"fmt\"\n)\n\nfunc main() {\n\tvar amount, rate, time, SI float64\n\n\tfmt.Print(\"Enter the principal amount: \")\n\tfmt.Scanln(&amp;amount)\n\n\tfmt.Print(\"Enter the interest rate: \")\n\tfmt.Scanln(&amp;rate)\n\n\tfmt.Print(\"Enter the time period (annually): \")\n\tfmt.Scanln(&amp;time)\n\n\tSI = (amount * rate * time) \/ 100\n\n\tfmt.Print(\"\\nSimple Interest = \", SI)\n}\n<\/pre>\n\n\n\n<p><strong>Output<\/strong><\/p>\n\n\n\n<pre class=\"wp-block-code has-ast-global-color-5-color has-ast-global-color-8-background-color has-text-color has-background\"><code>Enter the principal amount: 12000\nEnter the interest rate: 5\nEnter the time period (annually): 2\n\nSimple Interest = 1200\n<\/code><\/pre>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_Does_This_Program_Work\"><\/span><strong>How Does This Program Work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<pre class=\"EnlighterJSRAW\" data-enlighter-language=\"golang\" data-enlighter-theme=\"\" data-enlighter-highlight=\"\" data-enlighter-linenumbers=\"\" data-enlighter-lineoffset=\"\" data-enlighter-title=\"\" data-enlighter-group=\"\">\tvar amount, rate, time, SI float64\n<\/pre>\n\n\n\n<p>We have declared four float data types named amount, rate, time, and SI.<\/p>\n\n\n\n<pre class=\"EnlighterJSRAW\" data-enlighter-language=\"golang\" data-enlighter-theme=\"\" data-enlighter-highlight=\"\" data-enlighter-linenumbers=\"\" data-enlighter-lineoffset=\"\" data-enlighter-title=\"\" data-enlighter-group=\"\">\tfmt.Print(\"Enter the principal amount: \")\n\tfmt.Scanln(&amp;amount)\n<\/pre>\n\n\n\n<p>The program displays a message to the user asking him to enter the principal amount. The principal amount entered by the user gets stored in the named variable.<\/p>\n\n\n\n<pre class=\"EnlighterJSRAW\" data-enlighter-language=\"golang\" data-enlighter-theme=\"\" data-enlighter-highlight=\"\" data-enlighter-linenumbers=\"\" data-enlighter-lineoffset=\"\" data-enlighter-title=\"\" data-enlighter-group=\"\">\tfmt.Print(\"Enter the interest rate: \")\n\tfmt.Scanln(&amp;rate)\n<\/pre>\n\n\n\n<p>Similarly, the interest rate is also taken as input from the user. The interest rate gets stored in the rate-named variable.<\/p>\n\n\n\n<pre class=\"EnlighterJSRAW\" data-enlighter-language=\"golang\" data-enlighter-theme=\"\" data-enlighter-highlight=\"\" data-enlighter-linenumbers=\"\" data-enlighter-lineoffset=\"\" data-enlighter-title=\"\" data-enlighter-group=\"\">\tfmt.Print(\"Enter the time period (annually): \")\n\tfmt.Scanln(&amp;time)\n<\/pre>\n\n\n\n<p>Now, the program asks the user to enter the time. Here, the time interval is calculated annually, so the user is asked to enter the time period in years. The value entered by the user is stored in the time variable.<\/p>\n\n\n\n<pre class=\"EnlighterJSRAW\" data-enlighter-language=\"golang\" data-enlighter-theme=\"\" data-enlighter-highlight=\"\" data-enlighter-linenumbers=\"\" data-enlighter-lineoffset=\"\" data-enlighter-title=\"\" data-enlighter-group=\"\">\tSI = (amount * rate * time) \/ 100\n<\/pre>\n\n\n\n<p>We compute simple interest using the values provided by the user.<\/p>\n\n\n\n<p>The simple interest is computed using the mathematical formula SI = (P x R x T)\/100.<\/p>\n\n\n\n<p>The value returned after the calculation is stored in the SI variable.<\/p>\n\n\n\n<pre class=\"EnlighterJSRAW\" data-enlighter-language=\"golang\" data-enlighter-theme=\"\" data-enlighter-highlight=\"\" data-enlighter-linenumbers=\"\" data-enlighter-lineoffset=\"\" data-enlighter-title=\"\" data-enlighter-group=\"\">\tfmt.Print(\"\\nSimple Interest = \", SI)\n<\/pre>\n\n\n\n<p>At last, the simple interest is printed on the screen using the fmt.Print() method.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In this post, you learned how to write a program to calculate simple interest using the Go programming language.<\/p>\n\n\n\n<p>If you have any doubts regarding the program, please leave your queries in the comment section.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this post, we will learn how to write a program to calculate simple interest using the Go programming 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