Answer in Java pl PP 7.1 Modify the Account class from Chapter 4 so that it also permitsan account to be opened with just a name and an accountnumber, assuming an initial balance of zero. Modify the mainmethod of the Transactions class to demonstrate this newcapability. KX** X*** **import java.text.NumberFormat;public class Account{private final double RATE = 0.035;// interest rate of 3.5%private long acctNumber;private double balance;private String name;//Sets up the account by defining its owner, account number,//and initial balance.public Account (String owner, long account, double initial){name = owner;acctNumber = account;balance = initial;}////////--Deposits the specified amount into the account. Returns thenew balance.public double deposit (double amount){balance = balance + amount;return balance;}//Withdraws the specified amount from the account and applies//the fee. Returns the new balance./-public double withdraw (double amount, double fee){balance = balance - amountreturn balance;}fee;/-// Adds interest to the account and returns the new balance./-public double addInterest (){balance += (balance * RATE);return balance;}//////--Returns the current balance of the account.public double getBalance (){return balance;}//--//Returns a one-line description of the account as a string.//--public String toString (){NumberFormat fmt = NumberFormat.getCurrencyInstance();return (acctNumber + " " +}}name + " " + fmt.format(balance));/********* ********** ************************************* ************public class Transactions{//-//Creates some bank accounts and requests various services.//---public static void main (String0 args){Account acctl= new Account ("Ted Murphy", 72354, 102.56);Account acct2 = new Account ("Jane Smith", 69713, 40.00);Account acct3 = new Account ("Edward Demsey", 93757, 759.32);acctl.deposit (25.85);double smithBalance = acct2.deposit (500.00);System.out.println ("Smith balance after deposit:smithBalance);+System.out.println ("Smith balance after withdrawal: "acct2.withdraw (430.75, 1.50));+acctl.addInterest();acct2.addInterest();acct3.addInterest();System.out.println ();System.out.println (acct1);System.out.println (acct2);System.out.println (acct3);

Question

Answer in Java pl PP 7.1 Modify the Account class from Chapter 4 so that it also permitsan account to be opened with just a name and an accountnumber, assuming an initial balance of zero. Modify the mainmethod of the Transactions class to demonstrate this newcapability. KX** X*** **import java.text.NumberFormat;public class Account{private final double RATE = 0.035;// interest rate of 3.5%private long acctNumber;private double balance;private String name;//Sets up the account by defining its owner, account number,//and initial balance.public Account (String owner, long account, double initial){name = owner;acctNumber = account;balance = initial;}////////--Deposits the specified amount into the account. Returns thenew balance.public double deposit (double amount){balance = balance + amount;return balance;}//Withdraws the specified amount from the account and applies//the fee. Returns the new balance./-public double withdraw (double amount, double fee){balance = balance - amountreturn balance;}fee;/-// Adds interest to the account and returns the new balance./-public double addInterest (){balance += (balance * RATE);return balance;}//////--Returns the current balance of the account.public double getBalance (){return balance;}//--//Returns a one-line description of the account as a string.//--public String toString (){NumberFormat fmt = NumberFormat.getCurrencyInstance();return (acctNumber + &#34;	&#34; +}}name + &#34;	&#34; + fmt.format(balance));/********* ********** ************************************* ************public class Transactions{//-//Creates some bank accounts and requests various services.//---public static void main (String0 args){Account acctl= new Account (&#34;Ted Murphy&#34;, 72354, 102.56);Account acct2 = new Account (&#34;Jane Smith&#34;, 69713, 40.00);Account acct3 = new Account (&#34;Edward Demsey&#34;, 93757, 759.32);acctl.deposit (25.85);double smithBalance = acct2.deposit (500.00);System.out.println (&#34;Smith balance after deposit:smithBalance);+System.out.println (&#34;Smith balance after withdrawal: &#34;acct2.withdraw (430.75, 1.50));+acctl.addInterest();acct2.addInterest();acct3.addInterest();System.out.println ();System.out.println (acct1);System.out.println (acct2);System.out.println (acct3);

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import java.text.NumberFormat;public class Account {    private…

Modify the Account class from Chapter 4 so that it also permits an account to be opened with just a name and an account number, assuming an initial balance of zero. Modify the main method of the Transactions class to demonstrate this new capability.