Question: You are working on a program that simulates a simple banking system. Write a Java program that includes the following: A method named calculateInterest that

You are working on a program that simulates a simple banking system. Write a Java program that includes the following:
A method named calculateInterest that calculates the compound interest for a given principal amount, interest rate (as a decimal), and the number of years. The formula for compound interest is:
where:
A=P(1+rn)nt
A is the amount after n years,
P is the principal amount,
r is the annual interest rate (as a decimal),
n is the number of times interest is compounded per year,
t is the number of years.
In the main method, prompt the user to enter the principal amount, annual interest rate, number of years, and the number of times interest is compounded per year. Use the calculateInterest method to compute and display the final amount after the specified number of years.
Use the header of the method as below:
public static double calculateInterest(double principal, double rate, int years, int compoundingFrequency)
Here is a sample run:
Enter the principal amount: 1500
Enter the annual interest rate (as a decimal): 0.25
Enter the number of years: 4
Enter the number of times interest is compounded per year: 2
After 4 years, the amount will be: $3848.68
 You are working on a program that simulates a simple banking

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