/* Simulation of console-I/O program Interest2,
   using ConsoleApplet as a basis.  See the file
   ConsoleApplet.java for more information.
   
   David Eck
   eck@hws.edu
   
   August 2, 1996
*/

public class Interest1Console extends ConsoleApplet {

   public void init() {
      title = "Sample program \"Interest1\"";
      super.init();
   }

   protected void program() {

      /*
        Program  computes the amount of interest that is
        earned on $17,000 invested at an interest
        rate of 0.07 for one year.  The interest and
        the value of the investment after one year are
        printed to standard output.
     */


      double principal = 17000;  // the value of the investment
      double rate = 0.07;        // the annual interest rate
      double interest;           // interest earned in one year
      
      interest = principal * rate;   // compute the interest
      
      principal = principal + interest;
            // compute value of investment after one year, with interest
            // (Note: The new value replaces the old value of pricipal.)
            
      console.put("The interest earned is $");
      console.putln(interest);
      console.put("The value of the investment after one year is $");
      console.putln(principal);

   }

}