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• Write java program to find simple interest on a Saving Account. Define appropriate class, constructor and methods in your program. Make necessary assumptions.

Samikshya Swayamjyoti Sahu answered on November 5, 2023 Popularity 1/10 Helpfulness 1/10

answer • Write java program to find simple interest on a Saving Account. Define appropriate class, constructor and methods in your program. Make necessary assumptions.

• Write java program to find simple interest on a Saving Account. Define appropriate class, constructor and methods in your program. Make necessary assumptions.

Comment

class SavingsAccount {
    private double principal;
    private double rate;
    private int timePeriod;

    public SavingsAccount(double principal, double rate, int timePeriod) {
        this.principal = principal;
        this.rate = rate;
        this.timePeriod = timePeriod;
    }

    public double calculateSimpleInterest() {
        return (principal * rate * timePeriod) / 100.0;
    }

    public void displayAccountDetails() {
        System.out.println("Principal: $" + principal);
        System.out.println("Rate of Interest: " + rate + "%");
        System.out.println("Time Period (in years): " + timePeriod);
    }
}

public class SimpleInterestCalculator {
    public static void main(String[] args) {
        // Assume a principal of $1000, an annual interest rate of 5%, and a time period of 2 years
        double principal = 1000.0;
        double rate = 5.0;
        int timePeriod = 2;

        // Create a SavingsAccount object
        SavingsAccount savingsAccount = new SavingsAccount(principal, rate, timePeriod);

        // Display account details
        savingsAccount.displayAccountDetails();

        // Calculate and display simple interest
        double simpleInterest = savingsAccount.calculateSimpleInterest();
        System.out.println("Simple Interest: $" + simpleInterest);
    }
}

Popularity 1/10 Helpfulness 1/10 Language java

Source: chat.openai.com

Tags: constructor find java methods

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Contributed on Nov 05 2023

Samikshya Swayamjyoti Sahu

0 Answers Avg Quality 2/10

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• Write java program to find simple interest on a Saving Account. Define appropriate class, constructor and methods in your program. Make necessary assumptions.

Comment

class SavingsAccount {
    private double principal; // Principal amount
    private double interestRate; // Annual interest rate
    private int timePeriod; // Time period in years

    public SavingsAccount(double principal, double interestRate, int timePeriod) {
        this.principal = principal;
        this.interestRate = interestRate;
        this.timePeriod = timePeriod;
    }

    public double calculateSimpleInterest() {
        // Simple Interest formula: SI = (P * R * T) / 100
        double simpleInterest = (principal * interestRate * timePeriod) / 100;
        return simpleInterest;
    }
}

public class SimpleInterestCalculator {
    public static void main(String[] args) {
        // Define the values for the savings account
        double principalAmount = 1000.0; // Initial principal amount
        double annualInterestRate = 5.0; // Annual interest rate (5%)
        int years = 3; // Time period in years

        // Create a SavingsAccount object
        SavingsAccount savingsAccount = new SavingsAccount(principalAmount, annualInterestRate, years);

        // Calculate simple interest
        double simpleInterest = savingsAccount.calculateSimpleInterest();

        // Display the result
        System.out.println("Principal Amount: $" +

Popularity 1/10 Helpfulness 1/10 Language java

Source: chat.openai.com

Tags: constructor find java methods

Link to this answer
Share Copy Link

Contributed on Nov 05 2023

Samikshya Swayamjyoti Sahu

0 Answers Avg Quality 2/10

• Write java program to find simple interest on a Saving Account. Define appropriate class, constructor and methods in your program. Make necessary assumptions.

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• Write java program to find simple interest on a Saving Account. Define appropriate class, constructor and methods in your program. Make necessary assumptions.

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• Write java program to find simple interest on a Saving Account. Define appropriate class, constructor and methods in your program. Make necessary assumptions.

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