83 lines
2.8 KiB
Java
83 lines
2.8 KiB
Java
// Program to calculate compound interest for the provided principle amount & time by following certain criteria.
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// You are builing an interest calculation. Following are the rules:
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// 1. If deposit = 1yr : Interest = 5%
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// 2. If deposit = Greater than 1 yr and less than 3yr : Interest = 5.5%
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// 3. If deposit = Greater than 3 yr and less than 5yr : Interest = 6%
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// 4. If deposit = Greater than 5 yr : Interest = 6.5%
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// 5. If age = Less than 18 : + 1%
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// 6. If age = Less than 60 : + 1.5%
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// Input from user for Principle Amount & Tenture (time period).
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// Output Principle + Interest.
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package IndustrialTrainingProjects;
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import java.util.Scanner;
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public class CompoundInterestCalculator{
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public static void main(String[] args){
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//Declare and initialize the variables
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float p , r=0 , t , n = 1;
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int age = 0;
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Scanner inputScanner = new Scanner(System.in);
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System.out.print("\nEnter a Principle number : ");
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p = inputScanner.nextInt();
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System.out.print("\nEnter a Time period in years : ");
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t = inputScanner.nextInt();
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System.out.print("\nEnter your age in years : ");
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age = inputScanner.nextInt();
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// checks if time is less than 1 yr
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if (t <= 1) {
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r = 5;
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}
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// checks if time is greater than 1 yr and time is less than 3 yr
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else if ((t > 1) && (t <= 3)) {
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r = (float) 5.5;
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}
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// checks if time is greater than 3 yr and time is less than 5 yr
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else if ((t > 3) && (t <= 5)) {
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r = 6;
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}
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// checks if time is greater than 5 yr
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else if (t > 5) {
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r = (float) 6.5;
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}
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// checks if age is less than 18 yr
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if (age <= 18) {
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r = r + 1 ;
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}
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// checks if age is greater than 18 yr and is less than 60 yr
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else if ((age > 18) && (age <= 60)) {
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r = (float) (r + 1.5);
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}
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// Input error check
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else {
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System.out.println("Error Wrong Age Input!");
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}
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//Print the variables and their corresponding values
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System.out.println("\nThe entered principle amount is = " + p);
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System.out.println("\nThe entered time period is " + t);
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System.out.println("\nThe rate of interest is = " + r);
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System.out.println("\nThe number of times the interest is compounded is " + n);
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findCi(p,r,t,n);
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}
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private static void findCi(float p, float r, float t, float n) {
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//Calculate the compound interest and the amount
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double amount = p * Math.pow(1 + (r / n), n * t);
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double cinterest = amount - p;
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System.out.println("\nCompound Interest after " + t + " years: " + cinterest);
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System.out.println("\nAmount after " + t + " years: " + amount);
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}
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} |