Uploaded December 2024 | Updated September 2026, 2 weeks ago

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#java #javatutorial #javacourse

import java.util.Scanner;

public class Main {
public static void main(String[] args) {

// Compound interest calculator

Scanner scanner = new Scanner(System.in);

double principal;
double rate;
int timesCompounded;
int years;
double amount;

System.out.print("Enter the principal amount: ");
principal = scanner.nextDouble();

System.out.print("Enter the interest rate (in %): ");
rate = scanner.nextDouble() / 100;

System.out.print("Enter the # of times compounded per year: ");
timesCompounded = scanner.nextInt();

System.out.print("Enter the # of years: ");
years = scanner.nextInt();

amount = principal * Math.pow(1 + rate / timesCompounded, timesCompounded * years);

System.out.printf("The amount after %d years is $%.2f", years, amount);

scanner.close();
}
}