Program to calculate Compound Interest in Java

import java.util.Scanner;

public class CompoundInterest {

   public static void main(String[] args) {

      Scanner input = new Scanner(System.in);

      double principal = 0;

      double rate = 0;

      double time = 0;

      double compoundInterest = 0;

 

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

      principal = input.nextDouble();

      System.out.print("Enter the Rate : ");

      rate = input.nextDouble();

      System.out.print("Enter the Time : ");

      time = input.nextDouble();

      compoundInterest = principal * Math.pow((1 + rate/100),time);

 

      System.out.println("");

      System.out.println("The Compound Interest is : "

     + compoundInterest);

 

   }

}