Question

A man invests certain sum of money at 5% compound interest for the first year, 8for the second year and 10% for the third vear. Write a program in Java to calcula the amount after three years, taking the sum as an input. (Hint: A = P(1 R1/100)(1 +R2/100)(1 +R3/100)]

Answer 1

Answer:

Explanation:

import java.util.Scanner;

class interest

{

public static void main(String[]args)

{

Scanner in=new Scanner(System.in);

System.out.println("Enter the sum of money to be invested");

int sum = in.nextInt();

System.out.println("The final amount for 3 years");

int amt;

amt = sum * (105/100) * (108/100) * (110/100); // we are taking the 105, 108 and 110 instead of 100 + r/100

System.out.println("Your final amount : "+amt);

}

}