Q:

Java - Calculate Compound Interest using Java Program.

belongs to collection: Java Basic Programs

mahmoud2506
Save to bookmark
|
2022-05-06
|
  207 
0

Java - Calculate Compound Interest using Java Program.

Java programming, exam questions, Java programming exam-questions,
login and add your own answer to this question

All Answers

mahmoud2506
2022-05-06
need an explanation for this answer? contact us directly to get an explanation for this answer

Java Code Snippet - Calculate Compound Interest using Java Program

import java.util.Scanner;
 
public class Compound_Interest {
 
    /**
     * @param args
     */
    public static void main(String[] args) {
 
        double Principal_Amount = 0.0;
        double Interest_Rate = 0.0;
        double Time_Period = 0.0;
        double CompoundInterest = 0.0;
 
        Scanner i = new Scanner(System.in);
 
        System.out.print("Enter the Principal Amount : "); 
        Principal_Amount = i.nextDouble();
 
        System.out.print("Enter the Time Period : "); 
        Time_Period = i.nextDouble();
 
        System.out.print("Enter the Interest Rate : "); 
        Interest_Rate = i.nextDouble();
 
        CompoundInterest = Principal_Amount * Math.pow((1 + Interest_Rate/100),Time_Period); 
 
        System.out.println("");
        System.out.println("Compound Interest : "+CompoundInterest);       
    }
 
}

Output

    Enter the Principal Amount : 100000
    Enter the Time Period : 5
    Enter the Interest Rate : 9.5

    Compound Interest : 157423.87409343748

 

need an explanation for this answer? contact us directly to get an explanation for this answer

total answers (1)

Java Basic Programs
This question belongs to these collections

Similar questions

need a help?

find thousands of online teachers now
Java - Greatest Common Divisor or Euclidean Algori... >>
<< Java example for do while loop demonstration...