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!