Loan Calculator

Question

You take a loan from a friend and need to calculate how much you will owe him after 3 months.
You are going to pay him back 10% of the remaining loan amount each month.
Create a program that takes the loan amount as input, calculates and outputs the remaining amount after 3 months.
Sample Input:
20000
Sample Output:
14580
https://code.sololearn.com/cs3nA4YT5vU0/?ref=app

Answer 1

int amount =scanner.nextInt();

for(int x=1; x<=3; x++)
amount -= amount/10; //take 10.0 for precision value to include.

System.out.println(amount);

Answer 2

What is Your question actually ?

Answer 3

Yes. I know this but what is your problem with the code or doubt or your question?

Answer 4

For example :
Month 1
Payment: 10% of 20000 = 2000
Remaining amount: 18000
Month 2
Payment: 10% of 18000 = 1800
Remaining amount: 16200
Month 3:
Payment: 10% of 16200 = 1620
Remaining amount: 14580

Answer 5

Can u code this using ‘for’ loop instead of ‘while’?

Answer 6

👏👏👏 Nice bro Jayakrishna 🇮🇳

Answer 7

🙏