Question

write a java program to calculate and display the compound interest of a given principal equal to rupees 50000 rate rate equals to 15.5% and time equal to 3% variable description required​

Answer 1

Explanation:

Calculating Compound Interest

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial amount of the loan is then subtracted from the resulting value