Code a Java compound interest calculator in 7 minutes! 💸

From the creator

#java #javatutorial #javacourse import java.util.Scanner; public class Main { public static void main(String[] args) { // Compound interest calculator Scanner scanner = new Scanner(System.in); double principal; double rate; int timesCompounded; int years; double amount; System.out.print("Enter the principal amount: "); principal = scanner.nextDouble(); System.out.print("Enter the interest rate (in %): "); rate = scanner.nextDouble() / 100; System.out.print("Enter the # of times compounded per year: "); timesCompounded = scanner.nextInt(); System.out.print("Enter the # of years: "); years = scanner.nextInt(); amount = principal * Math.pow(1 + rate / timesCompounded, timesCompounded * years); System.out.printf("The amount after %d years is $%.2f", years, amount); scanner.close(); } }

Published 2024-12-05 · Watch on YouTube ↗
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