# Need java Code

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: 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

4/25/2021 5:47:11 AM

Qudrat Jan4 Answers

New AnswerAt line >>> remainingAmount = amountBorrowed - returnedPerMonth; It will be >>> remainingAmount = amountBorrowed - amountBorrowed * 0.1; Reason: Each month the returnPerMonth is added but we need to subtract only the amount paid in that month.

import java.util.*; public class Program{ public static void main(String []args){ int TOTAL_MONTHS = 3; Scanner input = new Scanner(System.in); System.out.print("Enter amount borrowed: "); double amountBorrowed = input.nextDouble(); double remainingAmount = 0; double returnedPerMonth = 0; while (TOTAL_MONTHS != 0) { returnedPerMonth = amountBorrowed * 0.1; remainingAmount = amountBorrowed - returnedPerMonth; amountBorrowed -= returnedPerMonth; TOTAL_MONTHS--; System.out.println("The remaining amount is: " + remainingAmount); } } }