Java Program to Calculate Compound Interest

Here you will get java program to calculate compound interest.

We can calculate compound interest by following formula.

Compound Interest = Principle * (1 + Rate / 100) ^time

Also Read: Java Program to Calculate Simple Interest

import java.util.Scanner;

public class JavaCompoundInterest {
	public static void main(String args[]){
		double p, r, t, ci;
		Scanner sc = new Scanner(System.in);
		
		System.out.print("Enter principle: ");
		p = sc.nextDouble();
		
		System.out.print("Enter rate: ");
		r = sc.nextDouble();
		
		System.out.print("Enter time: ");
		t = sc.nextDouble();
		
		ci = p * (Math.pow(1 + (r / 100), t));
		
		System.out.print("\nCompound Interest = " + ci);

	}
}

Output

Enter principle: 1000
Enter rate: 4
Enter time: 10

Compound Interest = 1480.2442849183444