A person invests certain amount of money(sum) at 6.5% per annum compound interest for years. Write a program to calculate ad display the followings: (a) Interest and amount at the end of first year. (b) Interest and amount at the end of third year. (c) Interest and amount at the end of fourth year. write a program using Stream reader function

A person invests certain amount of money(sum) at 6.5% per annum comp

1.	A person invests certain amount of money(sum) at 6.5% per annum compound interest for years. Write a program to calculate ad display the followings: (a) Interest and amount at the end of first year. (b) Interest and amount at the end of third year. (c) Interest and amount at the end of fourth year. write a program using Stream reader function
Answer» COMPOUND interest is CALCULATED by multiplying the initial principal amount by ONE plus the annual interest RATE raised to the number of compound periods minus one. The total initial amount of the loan is then subtracted from the resulting value.