round down to 2 sig. numbers after the decimal point

[soc86]

I would like to round my number down to 2 sig. numbers after the decimal point in my answer, ie:

Old loan: £745.09
Loan plus 3% interest: £767.44
Wages: £19,206.92
Wages minus threshold: £9,206.92
Repayment: £828.62
New loan amount: £-61.18

at the moment my answer is:

Loan plus 3% interest: 767.4417386951634
wages: 19206.920769257813
Wages minus threshold:9206.920769257813
Amount Re-paid: 828.6228692332031
New loan amount: -61.181130538039724

any advise please?



public class loanPayments {

// place constant declarations (static final) below.
// e.g. 3% interest, 9% repayment, 5% pay rise and 10k theshold



public static void main (String[]arg){
//declare variables
double loan;
double wages;
final int THRESHOLD= 10000;
double netInc=0;
double newBal=0;
double totalLoan;
double deduction;


//print qoute
System.out.println("Enter total amount of student loan taken");
loan=UserInput.readDouble();
//print qoute
System.out.println("Enter anticipated income");
wages=UserInput.readDouble();

while (newBal >= 0) {

newBal=loan*0.03;

netInc=wages-THRESHOLD;
deduction=netInc*0.09;

totalLoan=loan+newBal;

newBal=totalLoan-deduction;




System.out.println("Old loan: "+loan);
System.out.println("Loan plus 3% interest: "+totalLoan);
System.out.println("wages: "+wages);
System.out.println("Wages minus threshold:" +netInc);
System.out.println("Amount Re-paid: "+ deduction);
System.out.println("New loan amount: "+newBal);

loan=newBal+0;
wages=wages +(wages*0.05);

}

System.out.println("end ");






}//end main

}//end class

[MuslimCoder]

Hello,
I think these would help

java.sun.com/j2se/1.5.0/docs/api/java/math/MathContext . html

java.sun.com / j2se / 1.5.0 / docs / api /

[MuslimCoder]

I think you can use the MathContext to set the precision. then use the round method contained in the BigDecimal class

java.math.BigDecimal

AND
java.math.MathContext

[hardwired]

            System.out.printf("Old loan: %.2f%n", loan);
            System.out.printf("Loan plus 3%% interest: %.2f%n", totalLoan);
            System.out.printf("wages: %.2f%n", wages);
            System.out.printf("Wages minus threshold: %.2f%n", netInc);
            System.out.printf("Amount Re-paid: %.2f%n", deduction); 
            System.out.printf("New loan amount: %.2f%n", newBal);

[Steve11235]

The BigDecimal class is designed for this sort of thing. float and double are not precise, whereas BigDecimal provides exact results, including control over rounding. I'd use it for calculations, as well as for rounding off the results. See the API.