Question: please code in java Problem 2: (Financial application: calculate interest) If you know the balance and the annual percentage interest rate, you can compute the
please code in java
Problem 2: (Financial application: calculate interest) If you know the balance and the annual percentage interest rate, you can compute the interest on the next monthly payment using the following formula: interest = balance * (annualInterestRate/1200) = Write a program that reads the balance and the annual percentage interest rate and displays the interest for the next month. Here is a sample run: Enter balance and interest rate (e.g., 3 for 3%): 1000 3.5 The interest is 2.91667 a Create the following class in a file called calculatelnterest.java 1 public class calculateInterest { 2. public static void main(String [] args) { 3 // your code here 4 }
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
