1. Advertising
    y u no do it?

    Advertising (learn more)

    Advertise virtually anything here, with CPM banner ads, CPM email ads and CPC contextual links. You can target relevant areas of the site and show ads based on geographical location of the user if you wish.

    Starts at just $1 per CPM or $0.10 per CPC.

Java Help Calculating The Balance

Discussion in 'Programming' started by demonlord07, Aug 12, 2013.

  1. #1
    Hey guys i am in need of some desperate help with a program i'm trying to create. Basically it's a program that has 3 options. Selecting "A" will prompt the user for 3 values. An Initial Deposit Amount, Rate of interest per year and Amount to be deposited each month.

    Once the user has supplied the initial deposit amount and interest rate for the account as well as the monthly deposit amount, the program should then proceed to calculate the new balance for the account including interest earned over a six month period.

    So far i have the basic outline out and i have the 3 input values but for the 2nd value "Enter the annual interest rate as a percentage" i don't know how to code it to it says for example 6.0 instead of 60.

    And how would i do the calculation for the initial deposit amount, monthly deposit amount and new balance for the account including interest? I'm new to java programming so i'm still a bit unsure. Any help would be greatly appreciated. Here is my program code,

    import java.util.Scanner;
    
    public class MenuDrivenProgram
    {
        private static Scanner s = new Scanner(System.in);
       
        public static void main(String[] args)
        {
            String inputLine;
            char option = ' ';
           
            do
            {
                //Prints the line allowing you to select one of the valid options
                printMenu();
                System.out.printf("Please select a valid option: ");
                inputLine = s.nextLine();
               
                //Prints out an error message if length is equal to 1
                if (inputLine.length() != 1)
                {
                    System.out.printf("Error! You did not select a valid option!\n");
                    System.out.printf("Please try again\n\n");
                }
                else
                {
                    option = inputLine.charAt(0);
                    option = Character.toUpperCase(option);
                   
                    switch (option)
                    {
                            //Brings up the InvestmentReport menu
                        case 'A':
                            InvestmentReport();
                            break;
                           
                            //Brings up the RainfallReport menu
                        case 'B':
                            RainfallReport();
                            break;
                           
                            //Exits the program with a goodbye message
                        case 'X':
                            System.out.printf("Exiting the program - goodbye...\n\n");
                            break;
                           
                            //Errors out if keyed in value isn't a valid menu option
                        default:
                            System.out.printf("Error!" +
                                              "\"%c\" is not a valid menu option!\n\n",
                                              option);
                           
                    }
                }
               
               
            } while (option != 'X');
        }
        //This prints the main menu and let's you choose between 3 different options. InvestmentReport, RainfallReport and Exiting the program
        public static void printMenu()
        {
            System.out.printf("*************** Assignment 2 Menu ***************\n\n");
            System.out.printf("\tA. InvestmentReport.\n");
            System.out.printf("\tB. RainfallReport.\n");
            System.out.printf("\tX. Exit the program\n\n");
            System.out.printf("*************************************************\n\n");
        }
       
        public static void InvestmentReport()
        {
            System.out.printf("*** Investment Report stub ***\n");
            // This is where your Part A solution goes
            System.out.printf("*************** InvestmentReport Menu ***************\n\n");
            Scanner console=new Scanner(System.in);
            int deposit, monthly;
            double interest;
            System.out.println ("Enter your initial deposit amount in dollars\n");
            deposit = console.nextInt();
             
            System.out.println ("Enter the annual interest rate as a percentage (eg. 6.0)\n");
            interest = console.nextInt();
           
            System.out.println ("Enter your monthly deposit amount in dollars\n");
            monthly = console.nextInt();
           
            System.out.println ("Savings growth over the next 6 months:\n");
           
            System.out.println ("Balance after first month:\n");
            System.out.println ("Interest earned for this month:\n");
           
            System.out.println ("Balance after second month:\n");
            System.out.println ("Interest earned for this month:\n");
           
            System.out.println ("Balance after third month:\n");
            System.out.println ("Interest earned for this month:\n");
           
            System.out.println ("Balance after fourth month:\n");
            System.out.println ("Interest earned for this month:\n");
           
            System.out.println ("Balance after fifth month:\n");
            System.out.println ("Interest earned for this month:\n");
           
            System.out.println ("Balance after sixth month:\n");
            System.out.println ("Interest earned for this month:\n");
        }
       
       
        public static void RainfallReport()
        {
            System.out.printf("*** Rainfall Report stub ***\n");
            // This is where your Part B solution goes
            System.out.printf("*************** RainfallReport Menu ***************\n\n");
                Scanner sc = new Scanner(System.in);
                double[] fall = new double[7];
                for (int i = 0 ; i < 7 ; i++)
                {
                    System.out.print("Enter RainFall Measure In Millimetres: "  + (i+1) + ": ");
                    fall[i] = sc.nextDouble();
                }
                System.out.println("R.Fall Reverse Order ");
                for ( int i = 0;  i>=7    ;  i--)
                {
                    System.out.println(fall[i]);
               
            }
        }
       
       
    }
    Code (markup):

     
    demonlord07, Aug 12, 2013 IP
  2. hassanahmad2

    hassanahmad2 Active Member

    Messages:
    243
    Likes Received:
    9
    Best Answers:
    0
    Trophy Points:
    60
    #2
    For your first question, try this instead:
    System.out.println ("Enter the annual interest rate as a percentage (eg. 6.0)\n");
    interest = console.nextDouble();
    Code (markup):
     
    hassanahmad2, Aug 13, 2013 IP
  3. demonlord07

    demonlord07 Peon

    Messages:
    9
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    3
    #3
    Thankyou that worked perfectly.

    Can anyone help me with calculating the balance though? I'm still unsure how i would work that out over 6 months
     
    demonlord07, Aug 14, 2013 IP
    hassanahmad2 likes this.
  4. demonlord07

    demonlord07 Peon

    Messages:
    9
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    3
    #4
    Also before i forget here is the formula! Can anyone help me with coding this so it displays the calculated balance over the 6 month period?

    balance = balance + monthly deposit amount
    interest = balance (current) * ((interest rate / 12) / 100)
    balance (new) = balance (current) + interest
     
    demonlord07, Aug 14, 2013 IP
  5. hassanahmad2

    hassanahmad2 Active Member

    Messages:
    243
    Likes Received:
    9
    Best Answers:
    0
    Trophy Points:
    60
    #5
    Interest rate / 2 maybe, instead of 12?
     
    hassanahmad2, Aug 15, 2013 IP