Create CompoundInterestCalculator.java

Author: AFJGitHubDev24

JavaCalculoConvert/CompoundInterestCalculator.java

@@ -0,0 +1,37 @@
+import java.util.Scanner;
+
+class CompoundInterestCalculator {
+    public static void main(String[] args) {
+
+        // COMPOUND INTEREST CALCULATOR
+
+        Scanner scanner = new Scanner(System.in);
+        
+        // Declare variables
+        double principal;
+        double rate;
+        int timesCompounded;
+        int years;
+        double amount;
+        
+        // User prompts for principal amount, interest rate, compounded time and number of years
+        System.out.print("Enter the principal amount (in Rs.): ");
+        principal = scanner.nextDouble();
+
+        System.out.print("Enter the interest rate (in %): ");
+        rate = scanner.nextDouble() / 100;
+
+        System.out.print("Enter the number of times compounded per year: ");
+        timesCompounded = scanner.nextInt();
+
+        System.out.print("Enter the number of years: ");
+        years = scanner.nextInt();
+        
+        // Calculate the amount
+        amount = principal * Math.pow(1+(rate/years), years*timesCompounded);
+        System.out.printf("The amount after %d years: Rs.%.2f", years, amount);
+
+        scanner.close();
+
+    }
+}