Create the logic for a program that calculates and displays the amount of money in interest earned in one year. Create a separate method to do the calculation and return the result to be displayed.The program mustprompt the user for an amount of money and an interest rateuse a method to calculate interest earned in one year by passing both the amount of money and the interest rate to the interest-calculating methodreturn and display the result

Java is a high-level, cross-platform, object-oriented programming language created by Sun Microsystems, which is currently a part of Oracle.Because it was created with little implementation requirements, it may be used to write apps that run on any device that has a Java Virtual Machine (JVM). 1import java.util.Scanner; 2 3public class InterestCalculator { 4 5 public static void main(String[] args) { 6 Scanner scanner = new Scanner(System.in); 7 8 // Prompt the user for input 9 System.out.print("Enter the amount of money: "); 10 double principal = scanner.nextDouble(); 11 12 System.out.print("Enter the annual interest rate (as a decimal): "); 13 double interestRate = scanner.nextDouble(); 14 15 // Calculate and display the interest earned 16 double interestEarned = calculateInterest(principal, interestRate); 17 System.out.println("Interest earned in one year: $" + interestEarned); 18 19 // Close the scanner 20 scanner.close(); 21 } 22 23 // Method to calculate interest 24 public static double calculateInterest(double principal, double interestRate) { 25 // Simple interest formula: interest = principal * rate 26 return principal * interestRate; 27 } 28}In this program, the calculateInterest method takes the principal amount and interest rate as parameters and returns the calculated interest. The main method prompts the user for input, calls the calculateInterest method, and then displays the result.

Answered: Create the logic for a program that…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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Create the logic for a program that calculates and displays the amount of money in interest earned in one year. Create a separate method to do the calculation and return the result to be displayed.

The program must

prompt the user for an amount of money and an interest rate
use a method to calculate interest earned in one year by passing both the amount of money and the interest rate to the interest-calculating method
return and display the result

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