/** * This class implements a simple program that will compute * the amount of interest that is earned on an investment over * a period of one year. The initial amount of the investment * and the interest rate are input by the user. The value of * the investment at the end of the year is output. The * rate must be input as a decimal, not a percentage (for * example, 0.05 rather than 5). * * This program requires TextIO for input. TextIO is not a * standard part of Java, so it must be made available when * the program is compiled or run. */ public class Interest2 { public static void main(String[] args) { double principal; // The value of the investment. double rate; // The annual interest rate. double interest; // The interest earned during the year. System.out.print("Enter the initial investment: "); principal = TextIO.getlnDouble(); System.out.print("Enter the annual interest rate (as a decimal): "); rate = TextIO.getlnDouble(); interest = principal * rate; // Compute this year's interest. principal = principal + interest; // Add it to principal. System.out.printf("The amount of interest is $%1.2f%n", interest); System.out.printf("The value after one year is $%1.2f%n", principal); } // end of main() } // end of class Interest2