Fundamentals Of Object-Oriented Programming: Java and IntelliJ - Program: Simple Interest Calculator

Fundamentals Of Object-Oriented Programming: Java and IntelliJ - Program: Simple Interest Calculator

Assessment

Interactive Video

Information Technology (IT), Architecture, Business

University

Hard

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This video tutorial explains how to calculate the interest earned on an investment over one year at a rate of 0.035%. It covers setting up variables, prompting user input for the principal amount, performing calculations to determine interest and updated principal, and formatting the output to display results with two decimal places. The tutorial also includes adjustments to ensure the output is clean and formatted correctly.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the purpose of the printf statement in the program?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How can the output be formatted to display two decimal places?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What happens when the program is run with a principal amount of 3250?

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