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  1. #1
    phoenixblue is offline Member
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    Default Help with Java program (Loops)

    I've been asked to:

    "Consider the scenario where someone puts an amount of money into a savings account. At the end of each year, the savings account pays interest at a rate of 3%, but also deducts a £10 administration fee. Write a program called Savings.java to calculate how much money will be in the account after a certain number of years. Use a loop to perform the calculation. The user should enter the initial amount of money and the number of years. You should assume that the user does not add any more money to the account after the initial amount. "

    And I am currently struggling, i'm not sure how i could write code which increases the value of saving by 3% for each year. My code is below, any help is appreciated

    Java Code:
    import javax.swing.JOptionPane;
    public class Saving
    {
      public static void main(String[] args)
      {
        String m = JOptionPane.showInputDialog("Enter the initial amount of money in your savings account:");
        double money = Double.parseDouble(m);
        String y = JOptionPane.showInputDialog("Amount of years the money will be saved for:");
        int years = Integer.parseInt(y);
       
           {
               money = (money * 1.03)
               //To be done equal to the amount of years 
           }
           
        money - (-10 * years)
        JOptionPane.showMessageDialog(null, "After:" + years "years" + "your savings will be worth " + money");
      }
    }

  2. #2
    JBelg is offline Member
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