How to calculate compound interest in Scala

1 Answer

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object CompoundInterestCalculator {

  def calculateCompoundInterest(principal: Double, rate: Double, years: Double): Double = {
    // Validate input: all values must be non-negative
    if (principal < 0 || rate < 0 || years < 0) {
      println("Error: Principal, rate, and years must be non-negative values.")
      return -1
    }

    // Calculate total amount using the compound interest formula
    val amount = principal * Math.pow(1 + rate / 100, years)

    // Return compound interest (total amount - principal)
    amount - principal
  }

  def main(args: Array[String]): Unit = {
    val principal = 100000.0
    val rate = 3.5
    val years = 5.0

    val compoundInterest = calculateCompoundInterest(principal, rate, years)

    if (compoundInterest >= 0) {
      println(f"Principal Amount: $$${principal}%.2f")
      println(f"Annual Interest Rate: ${rate}%.2f%%")
      println(f"Years: ${years}%.2f")
      println(f"Compound Interest: $$${compoundInterest}%.2f")
      println(f"Total Amount: $$${principal + compoundInterest}%.2f")
    }
  }
}

 

/*
run:
  
Principal Amount: $100000.00
Annual Interest Rate: 3.50%
Years: 5.00
Compound Interest: $18768.63
Total Amount: $118768.63
  
*/

 

 



answered Aug 30, 2025 by avibootz

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