Question

Create a Java program named Saving.java that prompts for two double values: savings balance and interest rate. Calculate the savings balance at the end of the year. Hint, use %,10.2f with a printf statement for format your result:

% java Savings

Enter your current savings balance: 100000

Enter annual interest rate: 5.1

In one year you will have $105,100.00

anyone can help creat a java program?

Answer 1

Hello,

Here is the code, also I have enclosed the screenshot of the result for your reference.

Thank you,

import java.util.Locale;
import java.util.Scanner;

public class Saving{

    public static void main(String [] args){

        double savings, interest, finalValue;
        Scanner sc1 = new Scanner(System.in);
        System.out.print("Enter your current savings balance:"); // Get the savings from user
        System.out.println(" ");
        savings = sc1.nextDouble();

        Scanner sc2 = new Scanner(System.in);
        System.out.print("Enter annual interest rate:"); // Get the interest rate from user
        System.out.println(" ");
        interest = sc2.nextDouble();
        
        finalValue = (interest/100)*savings + savings; // Calculate interest 
        System.out.print("In one year you will have $");
        System.out.printf(Locale.US, "%,10.2f %n", finalValue); // Display the o/p in desired format

    }
}

Answer 2

Sure, I can help you create the Java program. Here's the code for the Saving.java program:

javaCopy codeimport java.util.Scanner;public class Saving {    public static void main(String[] args) {        // Create a Scanner object to read user input
        Scanner scanner = new Scanner(System.in);        // Prompt the user for current savings balance
        System.out.print("Enter your current savings balance: ");        double savingsBalance = scanner.nextDouble();        // Prompt the user for annual interest rate
        System.out.print("Enter annual interest rate: ");        double interestRate = scanner.nextDouble();        // Calculate the savings balance at the end of the year
        double endBalance = savingsBalance * (1 + interestRate / 100);        // Display the result with two decimal places
        System.out.printf("In one year you will have $%,10.2f%n", endBalance);        // Close the Scanner
        scanner.close();
    }
}

To run the program, follow these steps:

1. Open a text editor and paste the code above into a new file.

2. Save the file with the name Saving.java.

3. Open a command prompt or terminal and navigate to the directory where you saved the Saving.java file.

4. Compile the program by running the command: javac Saving.java

5. Run the program by running the command: java Saving

Now, you can enter the current savings balance and annual interest rate when prompted, and the program will calculate and display the savings balance at the end of the year as shown in your example.

Answer 3

Below is the Java program named Saving.java that prompts for the savings balance and interest rate, calculates the savings balance at the end of the year, and then prints the result using the desired format:

javaCopy codeimport java.util.Scanner;public class Savings {    public static void main(String[] args) {        Scanner scanner = new Scanner(System.in);        // Prompt for savings balance
        System.out.print("Enter your current savings balance: ");        double savingsBalance = scanner.nextDouble();        // Prompt for annual interest rate
        System.out.print("Enter annual interest rate: ");        double interestRate = scanner.nextDouble();        // Calculate the savings balance at the end of the year
        double balanceAtEndOfYear = savingsBalance * (1 + interestRate / 100);        // Print the result with the desired format
        System.out.printf("In one year you will have $%,10.2f\n", balanceAtEndOfYear);

        scanner.close();
    }
}

You can compile and run this program using any Java IDE or from the command line:

1. Save the above code in a file named Savings.java.

2. Open a terminal or command prompt and navigate to the directory where you saved Savings.java.

3. Compile the program by running: javac Savings.java

4. Run the program by running: java Savings

Now you can enter the savings balance and interest rate, and the program will calculate and display the savings balance at the end of the year in the desired format.