You take a loan from a friend and need to calculate how much you will owe him after 6 months. You are going to pay him back 10%

Question

You take a loan from a friend and need to calculate how much you will owe him after 6 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 6 months.

Sample Input:
20000

Sample Output:
10628

Here is the monthly payment schedule:
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
Month 4:
Payment: 10% of 14580 = 1458
Remaining amount: 13122
Month 5:
Payment: 10% of 13122 = 1313
Remaining amount: 11809
Month 6:
Payment: 10% of 11809 = 1181
Remaining amount: 10628

Answer 1

import java.util.Scanner; // importing scanner class

class HelloWorld {
public static void main(String[] args) {
Scanner sc = new Scanner(System.in); // creating scanner object for user's import
int amount = sc.nextInt(); // reading user's import from scanner object

int i = 0; //taking a variable for mounth count
while(i<3){
int payBack = (amount*10) /100; // calculating monthly installment e.g its 10%
amount = amount - payBack; // calculating remaining amount after monthly installment
i++;
}

/*checking if amount is expected! i printed it outside that loop body because i wanted that final amount which finaly i pay for. when your loop complete its condition then compiler would go for new outline code , and printed that final amount which you need to pay to yout friend. */

System.out.println(amount);
}
}

Answer 2

//hope it works
import java.util.Scanner;

public class Program
{
public static void main(String[] args) {
Scanner scanner = new Scanner(System.in);
int amount = scanner.nextInt();
//your code goes here

int months;

for (months = 3; months>0; months--) {

amount = amount * 90/100;

}

System.out.println(amount);

}
}

Answer 3

Shaik Masthan , before we can help you, you should show us your attempt first. if you have not done a try by yourself upto now, please do so. Put your code in playground and link it here. Thanks!

Answer 4

Yaa i did this many times but code showing error

Answer 5

// I am not sure but it works for me

import java.util.Scanner;

public class Program
{
public static void main(String[] args) {
Scanner scanner = new Scanner(System.in);
int amount = scanner.nextInt();
//your code goes here
int numberOfMonth = 0;
int remainingAmount = 0;
int payment;
while(numberOfMonth < 6) {
payment = (10 * amount) / 100;
remainingAmount = amount - payment;
amount = remainingAmount -1;
numberOfMonth++;
}
System.out.println(remainingAmount);
}
}

Answer 6

this is the correct answer but first do an effort then try my code.

import java.util.Scanner;

public class Program
{
public static void main(String[] args) {
Scanner scanner = new Scanner(System.in);
double amount = scanner.nextInt();
//your code goes here
int i=0;
double payment;
for(i=0;i<3;i++){
payment=0.1*amount;
amount=amount-payment;
}
System.out.println((int)amount);

}
}

Answer 7

Here is the answer you are looking for :)

import java.util.Scanner;

public class Program
{
public static void main(String[] args) {
Scanner scanner = new Scanner(System.in);
int amount = scanner.nextInt();

//your code goes here
int pay;
for(int i=1; i<=3;i++)
{
pay = 10*amount/100;
amount = amount - pay;
}
System.out.println(amount);

}
}

Answer 8

public static void main(String[] args) {
Scanner scanner = new Scanner(System.in);

int Amount;
System.out.println("Enter amount you want to borrow:");
Amount = scanner.nextInt();
int Payment ;

for (int i = 1; i <= 3; i++) {
Payment = 10 * Amount/100;
Amount = Amount - Payment;

}
System.out.println(Amount);

}

Answer 9

After several efforts I got the answer!
.
.
.
import java.util.Scanner;

public class Program
{
public static void main(String[] args) {
Scanner scanner = new Scanner(System.in);
int amount = scanner.nextInt();
//double remain = amount;
int i;
int payment;
//your code goes here
for(i = 0; i < 3; i++)
{
payment = (10*amount)/100;
amount = amount-payment;
}
System.out.println(amount);

}
}

Answer 10

import java.util.Scanner;

public class Program
{
public static void main(String[] args) {
Scanner scanner = new Scanner(System.in);
int amount = scanner.nextInt();
//your code goes here

for(int i=1; i<=3; i++){
int payment;
payment= amount * 10/100;

amount= amount - payment;
}
System.out.println(amount);
}
}

Answer 11

Search keyword 'loan' in Q&A you will find posts about this problem, for a quick fix change line in loop to :
Amount-=amount/10.0
One such link:
https://www.sololearn.com/Discuss/2640825/?ref=app

Answer 12

import java.util.Scanner;
public class Program
{
public static void main(String[] args)
{
Scanner scanner = new Scanner(System.in);
int amount = scanner.nextInt();
//my code start here
for (int i = 0; i < 6; i++)
{
amount = amount - ((amount*10)/100);
}
System.out.println(--amount);
}
}

Answer 13

This is the code i did