/**
 * This class implements a simple program that
 * will compute 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.
 */

public class Interest {
   
   public static void main(String[] args) {
      
      /* Declare the variables. */
      
      double principal;     // The value of the investment.
      double rate;          // The annual interest rate.
      double interest;      // Interest earned in one year.
      
      /* Do the computations. */
      
      principal = 17000;
      rate = 0.07;
      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 principal.)
      
      /* Output the results. */
      
      System.out.print("The interest earned is $");
      System.out.println(interest);
      System.out.print("The value of the investment after one year is $");
      System.out.println(principal);
      
   } // end of main()
   
} // end of class Interest