Compound Interest Builing Calculator

IndustrialTrainingProjects/CompoundInterestCalculator.java

@@ -0,0 +1,56 @@
+// Program to calculate compound interest for the provided principle amount & time by following certain criteria.
+// You are builing an interest calculation. Following are the rules:
+// 1. If deposit = 1yr : Interest = 5%
+// 2. If deposit = Greater than 1 yr and less than 3yr : Interest = 5.5%
+// 3. If deposit = Greater than 3 yr : Interest = 6%
+// Input from user for Principle Amount & Tenture (time period).
+// Output Principle + Interest.
+
+package IndustrialTrainingProjects;
+
+import java.util.Scanner;
+
+public class CompoundInterestCalculator{
+    public static void main(String[] args){
+        //Declare and initialize the variables 
+        float p , r=0 , t  , n = 1; 
+
+        Scanner inputScanner = new Scanner(System.in);
+
+        System.out.print("\nEnter a Principle number : ");
+        p = inputScanner.nextInt();
+
+        System.out.print("\nEnter a Time period in years : ");
+        t = inputScanner.nextInt();
+
+        // checks if time is less than 1 yr
+        if (t <= 1) {
+            r = 5;
+        }
+    
+        // checks if time is greater than 1 yr and time is less than 3 yr
+        else if ((t > 1) && (t <= 3)) {
+            r = (float) 5.5;
+        }
+        
+        // if both condition is false
+        else {
+            r = 6;
+        }
+
+        //Print the variables and their corresponding values
+        System.out.println("\nThe entered principle amount is = " + p);
+        System.out.println("\nThe entered time period is " + t);
+        System.out.println("\nThe rate of interest is = " + r);
+        System.out.println("\nThe number of times the interest is compounded is " + n);
+        findCi(p,r,t,n);
+    }
+
+    private static void findCi(float p, float r, float t, float n) {
+        //Calculate the compound interest and the amount
+    	double amount = p * Math.pow(1 + (r / n), n * t);
+        double cinterest = amount - p;
+        System.out.println("\nCompound Interest after " + t + " years: " + cinterest);
+        System.out.println("\nAmount after " + t + " years: " + amount);
+    }
+}

IndustrialTrainingProjects/README.MD

@@ -25,3 +25,4 @@ if the problem still persist then create a issue or use Google/Stack Overlflow f
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 |3        | [EmployeeModelClass.java](https://github.com/psavarmattas/Java-Projects/blob/master/IndustrialTrainingProjects/EmployeeModelClass.java) | Program to create Model Class, Getters, Setters and display the data. |
 |4        | [TwoDimensionalArraySum.java](https://github.com/psavarmattas/Java-Projects/blob/master/IndustrialTrainingProjects/TwoDimensionalArraySum.java) | Program to sum 2 two dimensional arrays forming a matrix. |
+|5        | [CompoundInterestCalculator.java](https://github.com/psavarmattas/Java-Projects/blob/master/IndustrialTrainingProjects/CompoundInterestCalculator.java) | Program to calculate compound interest for the provided principle amount & time by following certain criteria. |