Java Program for compound interest
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!
Article Contributed By :
Improved By :
Article Tags :
Report Issue
Please Login to comment...