Write a program in Java that takes input using the Scanner class to calculate the Simple Interest and the Compound Interest with the given values:

i. Principle Amount = Rs.1,00,000

ii. Rate = 11.5%

iii. Time = 5 years

Display the following output:

i. Simple interest

ii. Compound interest

iii. Absolute value of the difference between the simple and compound interest.

import java.util.Scanner;

public class KboatInterest
{
    public static void main(String[] args) {
        Scanner in = new Scanner(System.in);
        System.out.print("Enter Principal: ");
        double p = in.nextDouble();
        System.out.print("Enter Rate: ");
        double r = in.nextDouble();
        System.out.print("Enter Time: ");
        int t = in.nextInt();
        
        double si = p * r * t / 100.0;
        double cAmt = (p * Math.pow(1 + (r / 100), t));
        double ci = cAmt - p;
        double diff = Math.abs(si - ci);
        
        System.out.println("Simple interest = " + si);
        System.out.println("Compound interest = " + ci);
        System.out.println("Absolute Difference = " + diff);
        
        in.close();
    }
}