Hi techies,

Kindly help me the situation below:

//Interest.java

/*Mr. Brown invests $50,000.00 in a savings account yielding 5 percent interest.

* Assuming that all interest is left on deposit, write java codes to calculate and print

* the amount of money in the account at the end of each year for 10 years.

* Use the following formula for determining these amounts:

* a=P(1+r)n

* Where:

* P is the original amount invested i.e. the principal

* r is the annual interest rate

* n is the number of years

* a is the amount on deposit at the end of the nth year

* */

public class Interest {

public static void main(String[] args) {

double P=50000.00;

double r=0.05;

int n;

for(n=1; n<=10; n++);

System.out.println("The amount at the end of the first year is:" + P*(1+r));

/*this only prints the result for the first year but I would like to use this result as the principal for the second year and the subsequent for the 3rd year and so on..

**/

}

}

Any help is appreciated

Thanks,

Bonny