Yearly Compounded Interest in Java

 A simple program to compute the yearly compounded interest in Java programming language.

I am currently accepting programming work, IT projects, school and application development, programming projects, thesis and capstone projects, IT consulting work, computer tutorials, and web development work kindly contact me in the following email address for further details.  If you want to advertise on my website kindly contact me also in my email address also. Thank you.

My email address is the following jakerpomperada@gmail.com, jakerpomperada@aol.com, and jakerpomperada@yahoo.com.

My mobile number here in the Philippines is 09173084360.

Please subscribe to my channel  https://www.youtube.com/channel/UCOs-lpOoIeJoh6gpJthPoGg

=================================================

Want to support my channel?

GCash Account

Jake Pomperada

09173084360

Paypal

https://paypal.me/jakerpomperada

Patreon

https://www.patreon.com/jakerpomperada

Thank you very much for your support.

Program Listing

import java.util.Scanner;

public class Compounded_Interest {

public static void main(String[] args) {

// TODO Auto-generated method stub

double amount=0.00;

     double interestRate = 0.00;

     int years = 0;

     

     Scanner input = new Scanner(System.in);

        

        System.out.println("\n");

        System.out.print("\tYearly Compounded Interest in Java");

        System.out.println("\n");

        System.out.print("\tEnter Amount Loaned    : ");

        amount =input.nextDouble();

        System.out.print("\tEnter Yearly Interest  : ");

        interestRate = input.nextDouble();

        System.out.print("\tEnter Number of Years  : ");

        years = input.nextInt();

     for (int year = 1; year <= years; year++)

     {

         double interest = amount * interestRate / 100;

         amount += interest;

         System.out.printf("After year %d\n\tAmount: %.2f\tInterest: %.2f\n", year, amount, interest);

     }

     

     input.close();

}

}