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Java Program to calculate Compound Interest
Following is the program to calculate Compound Interest in Java −
Example
import java.io.*;
public class Demo{
public static void main(String args[]){
double princ = 456000, rt = 9.75, tm = 7;
double comp_int = princ *(Math.pow((1 + rt / 100), tm));
System.out.println("The compound interest for the given principle amount, rate and time is "+ comp_int);
}
}Output
The compound interest for the given principle amount, rate and time is 874573.9655622267
A class named Demo contains the main function wherein a principal value, a rate and a time are initialized. The formula for compound interest, principal * ((1 + rate/100) power time) is initialized to a value and the output is calculated. This is displayed on the console.
Updated on 04-Jul-2020 09:53:54
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