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02 Task Performance 1

This Java class defines a savings account with fields to track the balance, interest rate, and calculated monthly interest. It includes methods to initialize the account with a starting balance and interest rate, deposit and withdraw funds, calculate and apply the monthly interest to the balance, and get the current balance and interest rate.

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Vincent Lorenton Biñas
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52 views

02 Task Performance 1

This Java class defines a savings account with fields to track the balance, interest rate, and calculated monthly interest. It includes methods to initialize the account with a starting balance and interest rate, deposit and withdraw funds, calculate and apply the monthly interest to the balance, and get the current balance and interest rate.

Uploaded by

Vincent Lorenton Biñas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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public class SavingsAccount

private double balance;

private double interestRate;

private double monthlyInterestRate;

private double finalInterest;

// This constructor gets starting balance and interest rate

public SavingsAccount(double bal, double intRate)

balance = bal;

interestRate = intRate;

//The deposit method adds the deposits to the balance

public void deposit(double total)

balance += total;

//The withdraw method subtracts the withdraw amount from balance

public void withdraw (double total)

balance -= total;

//Calculates the interest rate

public void interest ()

monthlyInterestRate = ((interestRate / 100) / 12);

finalInterest = monthlyInterestRate * balance;

balance += finalInterest;

}
public void setBalance (double sb)

balance = sb;

public double getBalance()

return balance;

public double getInterestRate()

return interestRate;

public double getFinalInterest()

return finalInterest;

public static void main (String[] args) {

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