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Java Program for compound interest
  • Difficulty Level : Easy
  • Last Updated : 07 Feb, 2018

Compound Interest formula:

Formula to calculate compound interest annually is given by:

Compound Interest = P(1 + R/100)r

Where,
P is principle amount
R is the rate and
T is the time span

Example:

Input : Principle (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 principle = 10000, rate = 10.25, time = 5;
  
        /* Calculate compound interest */
        double CI = principle *
                    (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!

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