/** * This class implements a simple program that * will compute the amount of interest that is * earned on $17,000 invested at an interest * rate of 0.07 for one year. The interest and * the value of the investment after one year are * printed to standard output. */

 

/**
 * This class implements a simple program that
 * will compute the amount of interest that is
 * earned on $17,000 invested at an interest
 * rate of 0.07 for one year.  The interest and
 * the value of the investment after one year are
 * printed to standard output.
 */

public class BSIT
{
    public static void main(String[] args)
    {
        /* Declare the variables. */

        double principal;     // The value of the investment.
        double rate;          // The annual interest rate.
        double interest;      // Interest earned in one year.

        /* Do the computations. */

        principal = 17000;
        rate = 0.07;
        interest = principal * rate;   // Compute the interest.

        principal = principal + interest;
        // Compute value of investment after one year, with interest.
        // (Note: The new value replaces the old value of principal.)

        /* Output the results. */

        System.out.print("The interest earned is $");
        System.out.println(interest);
        System.out.print("The value of the investment after one year is $");
        System.out.println(principal);
    }

}