# Write a vb script to calculate simple interest

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In the following article, I outline the process of making a simple interest calculator in Java and leveraging Swing GUI widget toolkit for Java. I created an empty project in my IDE. I have named my public class: InterestCalculator. In the class itself and before I call the main method and any other methods , I define three private static text boxes and submit buttons, all of which become available to other methods that leverage their functionality Figure 1. I am using this method for error handling in the main method upon button click. Float takes 4 bytes of storage and takes significant decimal digits, and that is long enough for the principal value.

## Program to find simple interest - GeeksforGeeks

Today we shall write the script to calculate the simple interest for given amount. We use the same traditional formula which we used in your childhood i. To calculate SI we need to need the data about principal amount,rate of interest and time period. Let us start the script. You are commenting using your WordPress. You are commenting using your Google account.

### Visual Basic Calculator

The simple interest formula is used to calculate the interest accrued on a loan or savings account that has simple interest. The simple interest formula is fairly simple to compute and to remember as principal times rate times time. Simple interest is money earned or paid that does not have compounding. Compounding is the effect of earning interest on the interest that was previously earned. As shown in the previous example, no amount was earned on the interest that was earned in prior years.
Simple interest is different than the compound interest. It is calculated on the main amount of loan. This amount is also known as the principal amount. The main formula to calculate the simple interest is the same. To calculate the interest value, we need to know the principal amount , the rate of interest and the time period.
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