Java Program for compound interest

**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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