Question

Write a program in Java to calculate compound interest
NO SPAMMING​

Answer 1

We take principal (p), time (t), rate of interest (r) and the number of times the interest is compound (n) as inputs. Amount is calculated using the formuale p * ( 1 + r/n )nt. In Java, the Math.pow() function is used to calculate powers. For example, to calculate 32, we use Math.pow(3,2). After finding amount, we find interest by subtracting principal.

Sample Execution :

Input :

p = 3400

t = 3

r = 4

n = 2

Output :

Compond Interest is 2475200.0

Amount is 2478600.0

Answer 2

we take principle (p),time (t),rate of interest(r) and number of times the interest is compound (n) as inputs. amount is calculated using in formule p*(1+r/n)nt. in java the math.pow() function is used to calculate power.For example , to calculate 3^2 we use math. pow (3,2) . after finding amount we find interest by subtracting principle.