Banking - Recurring Deposit Account

package com.akshat.number_programs;
//PROGRAM DEVELOPED BY AKSHAT DODHIYA
import java.io.*;

public class Banking {
    public static void main(String[] args)throws IOException {
        InputStreamReader isr=new InputStreamReader(System.in);
        BufferedReader br=new BufferedReader(isr);

//      taking inputs

        System.out.println("Enter sum deposited every month");
        int p = Integer.parseInt(br.readLine());

        System.out.println("Enter the number of months for which the sum is invested");
        int n = Integer.parseInt(br.readLine());
        int n1 = n + 1;

        System.out.println("Enter the rate of interest for which the sum is invested");
        int rate = Integer.parseInt(br.readLine());
        double r = rate/100.0;

        double maturity, interest ;

        interest = p*(n*(n1)/24.0)*r; // formula for interest
        maturity = (p * n) + interest; // formula for maturity value

        System.out.println("The Maturity after "+n+" months will be "+maturity);
        System.out.println("The Interest fetched in "+n+" months at "+rate+
                "% interest rate will be "+interest);

    }
}