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P1.4

Write a program that prints the balance of an account after the first, second, and third year. The account has an initial balance of $1,000 and earns 5 percent interest per year.

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Solution:

import static java.lang.System.out;

class P0104 
{
  public static void main(String[] args) 
  {
    out.println(1000 * 1.05);
    out.println(1000 * 1.05 * 1.05);
    out.println(1000 * 1.05 * 1.05 * 1.05);
  }
}