Java program that reads in investment amount, annual interest rate, and number of years, and displays the future investment value

Java program that reads in investment amount, annual interest rate, and number of years, and displays the future investment value

• 12th May, 2019
• 12:12 PM

Challenge - Java program that reads in investment amount, annual interest rate, and number of years, and displays the future investment value

Program

import java.util.Scanner;
import java.text.DecimalFormat;
import java.lang.*;
public class problem1 {
    public static void main(String args[]) {
        //taking inputs from user
        Scanner sc=new Scanner(System.in);
        System.out.println("Enter investment amount: ");
        double i=sc.nextDouble(); 
        System.out.println("Enter annual interest reate: ");
        double a=sc.nextDouble(); 
        System.out.println("Enter number of years: ");
        double n=sc.nextDouble(); 
        //defining DecimalFormat to round off result to 2 decimals
        DecimalFormat twoDForm = new DecimalFormat("#.##");
        //Displaying the result
        System.out.println("Accumulated value is "+Double.valueOf(twoDForm.format(i*Math.pow(1+(a/1200),n*12))));
    }
}