The convenient interest is used in banking sectors to calculate the interest charges on loans. To understand how interest in bank that works is simple. Consider a loan that has 2000 INR principal balance at interest rate of 1.5% per month for 3 years. If the payment is due on May1 and 'a' person pays it precisely on the due date, a bank calculates the interest on the 30 days in April. A man is paying additional service charge every month is 61.09 INR. However, if man make the payment on before 21 days/month, the bank additional charge drops to 41.09 INR, resulting in 20 INR savings. In full period of loan time, man gives the additional charge exactly ten times. Keeping the above scenario in mind. write a iava program to calculate a simple interest at the end of 3 years.Hint: Simple interest = (principal * rate * time) /100;

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