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How make a Loan Calculator in Java ? With 10% of remaining amount pay back in 6 months.
Sample input : 20000 Sample output : 10628
2 Answers
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Use 90% for 6 months to find the balance.
4 lines of code added.
https://code.sololearn.com/cp6GXE4Rc84v/?ref=app
If you are paying 10% every month, one way is to find the 10% and then use your total minus the 10% paid to get the balance.
The other way, is to find the 90% so you don't have to minus.
If you have 100 and you paid 10%,
Method 1: 100 - (100 * 10%) = 90
Method 2: 100 * 90% = 90
The "i=0" is used for looping. It will loop from 0 until 5 (< 6), which is 6 times.
Finally prints out amount.