Simple Interest Calculator using Jframe & Generating 30 Objects dynamically in Java

12.Assignment Submission
Student Name: Praveen Biradar

ID: KODD8KS8I

1. Simple Interest Calculator using Jframe

Code : simple_Interest_Calculator.java
import javax.swing.*;
import java.awt.*;
import java.awt.event.ActionEvent;
import java.awt.event.ActionListener;

public class simple_Interest_Calculator extends JFrame {

private static final double INTEREST_RATE = 5.0; // Static interest rate

public simple_Interest_Calculator() {
setTitle("SIMPLE INTEREST CALCULATOR");
setSize(500, 400);
setDefaultCloseOperation(JFrame.EXIT_ON_CLOSE);
setLocationRelativeTo(null);
setLayout(new GridBagLayout());
getContentPane().setBackground(new Color(44, 62, 80));
 GridBagConstraints gbc = new GridBagConstraints();
gbc.insets = new Insets(10, 10, 10, 10);
gbc.fill = GridBagConstraints.HORIZONTAL;

JLabel titleLabel = new JLabel("SIMPLE INTEREST CALCULATOR",

SwingConstants.CENTER);
titleLabel.setFont(new Font("Arial", Font.BOLD, 20));
titleLabel.setForeground(Color.WHITE);
gbc.gridx = 0; gbc.gridy = 0; gbc.gridwidth = 2;
add(titleLabel, gbc);

gbc.gridwidth = 1;

JLabel nameLabel = new JLabel("1. Name of the Business Man:");

nameLabel.setForeground(Color.WHITE);
gbc.gridx = 0; gbc.gridy = 1;
add(nameLabel, gbc);

JTextField nameField = new JTextField(15);

gbc.gridx = 1; gbc.gridy = 1;
add(nameField, gbc);

JLabel principalLabel = new JLabel("2. Principal Amount:");

principalLabel.setForeground(Color.WHITE);
gbc.gridx = 0; gbc.gridy = 2;
add(principalLabel, gbc);

JTextField principalField = new JTextField(15);

gbc.gridx = 1; gbc.gridy = 2;
add(principalField, gbc);

JLabel timeLabel = new JLabel("3. Time (years):");

timeLabel.setForeground(Color.WHITE);
gbc.gridx = 0; gbc.gridy = 3;
add(timeLabel, gbc);

JTextField timeField = new JTextField(15);

gbc.gridx = 1; gbc.gridy = 3;
add(timeField, gbc);

JLabel rateLabel = new JLabel("4. Interest Rate:");

rateLabel.setForeground(Color.WHITE);
gbc.gridx = 0; gbc.gridy = 4;
add(rateLabel, gbc);

JLabel rateValueLabel = new JLabel(INTEREST_RATE + "% (Fixed)");

rateValueLabel.setForeground(Color.YELLOW);
gbc.gridx = 1; gbc.gridy = 4;
add(rateValueLabel, gbc);

JButton calculateButton = new JButton("Calculate Interest");

calculateButton.setBackground(new Color(52, 152, 219));
calculateButton.setForeground(Color.WHITE);
gbc.gridx = 0; gbc.gridy = 5; gbc.gridwidth = 2;
add(calculateButton, gbc);

JLabel resultLabel1 = new JLabel(" ");

resultLabel1.setFont(new Font("Arial", Font.BOLD, 14));
resultLabel1.setForeground(Color.GREEN);
gbc.gridx = 0; gbc.gridy = 6; gbc.gridwidth = 2;
 add(resultLabel1, gbc);

JLabel resultLabel2 = new JLabel(" ");

resultLabel2.setFont(new Font("Arial", Font.BOLD, 14));
resultLabel2.setForeground(Color.GREEN);
gbc.gridx = 0; gbc.gridy = 7; gbc.gridwidth = 2;
add(resultLabel2, gbc);

calculateButton.addActionListener(new ActionListener() {
@Override
public void actionPerformed(ActionEvent e) {
try {
String name = nameField.getText();
double principal = Double.parseDouble(principalField.getText());
double time = Double.parseDouble(timeField.getText());
double simpleInterest = (principal * INTEREST_RATE * time) / 100;
resultLabel1.setText("1. Simple Interest: Rs. " +
String.format("%.2f", simpleInterest));
resultLabel2.setText("2. " + name + " has taken Rs. " + principal + "
amount for " + time +
" year(s) duration at an interest rate of " + INTEREST_RATE
+ "%.");
} catch (NumberFormatException ex) {
JOptionPane.showMessageDialog(null, "Please enter valid inputs!",
"Error", JOptionPane.ERROR_MESSAGE);
}
}
});
}

public static void main(String[] args) {

SwingUtilities.invokeLater(() -> new
simple_Interest_Calculator().setVisible(true));
}
}

Code Explanation

double simpleInterest = (principal * INTEREST_RATE * time) / 100;

 principal: User-inputted loan amount.

 INTEREST_RATE: Static value (5.0%) defined in the class.
 time: Number of years the money is borrowed for.
 Calculation: The formula computes simple interest by multiplying the principal, rate, and time, then
dividing by 100.
2.Generating 30 Objects dynamically in Java

BusinessMan Class

package StaticElements;
import java.util.Scanner;
public class BusinessMan {
int principle;
int time;
static float rate = 6.0f;
float si;
void takeInput(Scanner scanner) {
System.out.println("Enter Principle:");
principle = scanner.nextInt();
System.out.println("Enter Time: ");
time = scanner.nextInt();
}
void calculateSI() {
si = (principle * time * rate) / 100;
}
void displaySI() {
System.out.println("SI is: " + si);
}
}

Main Class to Generate 30 Objects

package StaticElements;
import java.util.Scanner;
public class SimpleInterest {
public static void main(String[] args) {
int numObjects = 30;
BusinessMan[] businessmen = new BusinessMan[numObjects];
Scanner scanner = new Scanner(System.in); // Scanner created once
for (int i = 0; i < numObjects; i++) {
businessmen[i] = new BusinessMan();
businessmen[i].takeInput(scanner); // Passing scanner to avoid closing it
businessmen[i].calculateSI();
businessmen[i].displaySI();
}
scanner.close(); // Close scanner after all inputs are taken
}
}
Output (Sample for 30 Objects) :

Enter Principle:

1000

Enter Time:

SI is: 60.0

Enter Principle:

2000

Enter Time:

SI is: 240.0

Enter Principle:

3000

Enter Time:

SI is: 540.0

Enter Principle:

4000

Enter Time:

SI is: 960.0

Enter Principle:

5000

Enter Time:

SI is: 1500.0

Enter Principle:

6000

Enter Time:

6
SI is: 2160.0

Enter Principle:

7000

Enter Time:

SI is: 2940.0

Enter Principle:

8000

Enter Time:

SI is: 3840.0

Enter Principle:
9000

Enter Time:

SI is: 4860.0

Enter Principle:

10000

Enter Time:

10

SI is: 6000.0

Enter Principle:

11000

Enter Time:
11

SI is: 7260.0

Enter Principle:

12000

Enter Time:

12

SI is: 8640.0

Enter Principle:

13000

Enter Time:

13

SI is: 10140.0
Enter Principle:

14000

Enter Time:

14

SI is: 11760.0

Enter Principle:

15000

Enter Time:

15

SI is: 13500.0

Enter Principle:

16000
Enter Time:

16

SI is: 15360.0

Enter Principle:

17000

Enter Time:

17

SI is: 17340.0

Enter Principle:

18000

Enter Time:

18
SI is: 19440.0

Enter Principle:

19000

Enter Time:

19

SI is: 21660.0

Enter Principle:

20000

Enter Time:

20

SI is: 24000.0

Enter Principle:
21000

Enter Time:

21

SI is: 26460.0

Enter Principle:

22000

Enter Time:

22

SI is: 29040.0

Enter Principle:

23000

Enter Time:
23

SI is: 31740.0

Enter Principle:

24000

Enter Time:

24

SI is: 34560.0

Enter Principle:

25000

Enter Time:

25

SI is: 37500.0
Enter Principle:

26000

Enter Time:

26

SI is: 40560.0

Enter Principle:

27000

Enter Time:

27

SI is: 43740.0

Enter Principle:

28000
Enter Time:

28

SI is: 47040.0

Enter Principle:

29000

Enter Time:

29

SI is: 50460.0

Enter Principle:

30000

Enter Time:

30
SI is: 54000.0

Explanation:

1. Class Usage:
o BusinessMan class has attributes principle, time, and a static rate.
o It contains methods to take input, calculate simple interest, and display results.
2. Dynamic Object Creation:
o Instead of writing 30 separate object declarations, an array of objects is used.
o A for loop dynamically initializes, processes, and displays interest calculations using new
BusinessMan().

3. Incrementing Values:
o principle starts at 1000 and increases by 1000 in each iteration.
o time starts at 1 and increases by 1 in each iteration.
4. Efficiency:
o The loop handles all objects, avoiding redundant code.
o The approach allows scalability, making it easy to modify for more objects.