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Java Program for compound interest

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Compound Interest formula:

Formula to calculate compound interest annually is given by:

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

P is principal amount
R is the rate and
T is the time span


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


// Java program to find compound interest for
// given values.
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!

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Last Updated : 31 Mar, 2023
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