Java Program for compound interest

Java Program to Calculate Simple Interest

Java Program to Find the Perimeter of a Rectangle

Compound Interest formula:

Formula to calculate compound interest annually is given by:

Compound Interest = P(1 + R/100)^t
Where,
P is principal amount
R is the rate and
T is the time span

Example:

Input : Principal (amount): 1200
        Time: 2
        Rate: 5.4
Output : Compound Interest = 1333.099243

Java

// Java program to find compound interest for 
// given values. 
import java.io.*; 
  
class GFG 
{ 
    public static void main(String args[]) 
    { 
        double principal = 10000, rate = 10.25, time = 5; 
  
        /* Calculate compound interest */
        double CI = principal * 
                    (Math.pow((1 + rate / 100), time)); 
          
        System.out.println("Compound Interest is "+ CI); 
    } 
} 
// This code is contributed by Anant Agarwal. 

Please refer complete article on Program to find compound interest for more details!

Tags:

#Java Programs

Java Program to Calculate Simple Interest

Java Program to Find the Perimeter of a Rectangle

Java Program for compound interest

Java

Contact Us