Write a program to accept Principal, Rate and Time. Calculate and display the interest accumulated for the first year, second year and the third year compound annually.

Sample Input:
Principal = ₹5,000, Rate = 10% per annum, Time = 3 years

Sample Output:
Interest for the first year: ₹500
Interest for the second year: ₹550
Interest for the third year: ₹605

import java.io.*;

public class KboatInterest
{
    public static void main(String args[]) throws IOException {
        InputStreamReader read = new InputStreamReader(System.in);
        BufferedReader in = new BufferedReader(read);
        
        System.out.print("Enter Principal: ");
        double p = Double.parseDouble(in.readLine());
        
        System.out.print("Enter Rate: ");
        double r = Double.parseDouble(in.readLine());
        
        System.out.print("Enter Time: ");
        int t = Integer.parseInt(in.readLine());
        
        double i1 = p * r * 1 / 100.0;
        double amt = p + i1;
        System.out.println("Interest for the first year: " + i1);
        
        double i2 = amt * r * 1 / 100.0;
        amt = amt + i2;
        System.out.println("Interest for the second year: " + i2);
        
        double i3 = amt * r * 1 / 100.0;
        amt = amt + i3;
        System.out.println("Interest for the third year: " + i3);
    }
}