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(Solved) : 8 Marks Question 3 Assume Bank Account Begins Balance R100 Earns Interest Annual Rate 5 I Q43932398 . . .

[8 MARKS] Question 3 Assume a bank account begins with a balance of R100 and earns interest at an annual rate of 5%. The interest is computed at the end of each year using the following formula previousBalance + (1 + interestRate); newBalance %3D You have to write three java classes named ComputeInterest to compute and display this account balance at the end of a five-year period. You only have to write the code. Each different verSion must make use of a different type of loop (2) Give all the necessary variable declarations and initialısatıons. Use a while loop 31 (2) (2) 3.2 Use a do loop 3.3 (2) Use a for loop 3.4 Show transcribed image text [8 MARKS] Question 3 Assume a bank account begins with a balance of R100 and earns interest at an annual rate of 5%. The interest is computed at the end of each year using the following formula previousBalance + (1 + interestRate); newBalance %3D You have to write three java classes named ComputeInterest to compute and display this account balance at the end of a five-year period. You only have to write the code. Each different verSion must make use of a different type of loop (2) Give all the necessary variable declarations and initialısatıons. Use a while loop 31 (2) (2) 3.2 Use a do loop 3.3 (2) Use a for loop 3.4

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Answer to [8 MARKS] Question 3 Assume a bank account begins with a balance of R100 and earns interest at an annual rate of 5%. The…