PROGRAM 6 : TO FIND COMPOUNDED AMOUNT BY ENTERING CHOICE '1' OR TO FIND RECURRING DEPOSIT FINAL AMOUNT BY ENTERING CHOICE '2'
YOU ARE ASKED TO ENTER THE PRINCIPAL , RATE OF INTEREST AND TIME IN YEARS.

(FOR COMPOUND INTEREST , FORMULA : AMOUNT=PRINCIPAL*(1+RATE/100)^TIME

FOR RECURRING DEPOSIT,FORMULA : AMOUNT = (p * t * 12) + p*((t*12)*((t*12)+1)/2)*(r/100)*(1/12)))

PROGRAM:

import java.util.Scanner;
public class bankdeposit
{
    public static void main(String args[]){
        Scanner sc = new Scanner(System.in);
        System.out.println("Enter your choice : 1 for term deposit and 2 for recurring deposit");
        int ch = sc.nextInt();
        double p , r , t , am;
        switch(ch){
            case 1: System.out.println("Enter Principal amount:");
                    p = sc.nextDouble();
                    System.out.println("Enter Rate of interest:");
                    r = sc.nextDouble();
                    System.out.println("Enter Time period in years:");
                    t = sc.nextDouble();
                    am = p * Math.pow(1 + (r/100) , t);
                    System.out.println("The amount is : " + am);
                    break;
            case 2: System.out.println("Enter Principal amount:");
                    p = sc.nextDouble();
                    System.out.println("Enter Rate of interest:");
                    r = sc.nextDouble();
                    System.out.println("Enter Time period in years:");
                    t = sc.nextDouble();
                    am = (p * t * 12) + p*((t*12)*((t*12)+1)/2)*(r/100)*(1/12);
                    System.out.println("The amount is : " + am);
                    break;
            default: System.out.println("Sorry. Wrong choice");
        }
    }
}