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Java Program for compound interest

Last Updated : 31 Mar, 2023

Compound Interest formula:

Formula to calculate compound interest annually is given by: Compound Interest = P(1 + R/100)^t Where, P is principal amount R is the rate and T is the time span

Example:

Input : Principal (amount): 1200
        Time: 2
        Rate: 5.4
Output : Compound Interest = 1333.099243

[tabby title="Java"]

Java

// Java program to find compound interest for
// given values.
import java.io.*;

class GFG
{
    public static void main(String args[])
    {
        double principal = 10000, rate = 10.25, time = 5;

        /* Calculate compound interest */
        double CI = principal *
                    (Math.pow((1 + rate / 100), time));
        
        System.out.println("Compound Interest is "+ CI);
    }
}
// This code is contributed by Anant Agarwal.