Mr. Agrawal invests a certain sum at 5% per annum compound interest for three years. Write a program in Java to calculate-:

 

QUESTION-:

Mr. Agrawal invests a certain sum at 5% per annum compound interest for three years. Write a program in Java to calculate-:

 

       (a)the interest for the first year.

       (b)The interest for the second year.

       (c)The amount after three years.

 

       Take the sum as an input from the user.

import java.util.*; class CInterest { void main() { Scanner sc = new Scanner(System.in); double i,a,p; //To initialise the Interest,Amount and Principal System.out.println("Enter the Principal:"); p=sc.nextDouble(); i=p*10/100.0; //To store the Interest for the 1st year a=p+i; p=a; System.out.println("Interest for the First Year: ₹"+i); i=p*10/100.0; //To store the Interest for the 2nd year a=p+i; p=a; System.out.println("Interest for the Second Year: ₹"+i); a=p+(p*10/100.0); //To store the Amount for the 3rd year System.out.println("Amount after Three Years: ₹"+a); } }