Title = To Calculate Compound Interest

Description = This code takes the principal amount, annual interest rate (as a percentage),

number of years, and compounding frequency (how many times per year the interest is compounded)

as input from the user.

##Java Code

import java.util.Scanner;

public class CompoundInterestCalculator {

public static void main(String[] args) {

Scanner scanner = new Scanner(System.in);

// Input principal amount

System.out.print("Enter the principal amount: ");

double principal = scanner.nextDouble();

// Input annual interest rate (as a percentage)

System.out.print("Enter the annual interest rate (as a percentage): ");

double annualRate = scanner.nextDouble();

// Input number of years

System.out.print("Enter the number of years: ");

int years = scanner.nextInt();

// Input number of times interest is compounded per year

System.out.print("Enter the number of times interest is compounded per year: ");

int compoundingFrequency = scanner.nextInt();

// Convert annual rate to decimal and calculate compound interest

double rate = annualRate / 100;

double amount = principal * Math.pow(1 + (rate / compoundingFrequency), compoundingFrequency * years);

// Calculate compound interest

double compoundInterest = amount - principal;

// Display the result

System.out.println("The compound interest after " + years + " years is: " + compoundInterest);

// Close the scanner

scanner.close();

}

}

======= Code Ends Here =======

======= Output 1 ======

Enter the principal amount: 5000

Enter the annual interest rate (as a percentage): 5

Enter the number of years: 3

Enter the number of times interest is compounded per year: 4

The compound interest after 3 years is: 797.1955807499652

======= Output 2 ======

Enter the principal amount: 10000

Enter the annual interest rate (as a percentage): 3.5

Enter the number of years: 5

Enter the number of times interest is compounded per year: 12

The compound interest after 5 years is: 1938.8365362833173