Open In App

Java Program for compound interest

Last Updated : 31 Mar, 2023
Suggest changes
Share
Like Article
Like
Report
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 
[tabby title="Java"] 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!

Next Article

Similar Reads

Article Tags :
Practice Tags :