Write a java console application that calculates and displays the bank interest for N bank accounts. N shouldbe declared as a constant and it should be equal to the largest digit of your student ID number (e.g. if yourID number is S334261 then N should be equal to 6 and you can declare it as final int N=6). The interest isbased on total amount in account as shown below in Table 1.Table 1. Amount and InterestAmount Interest$0 – $1000 0% (no interest)$1001 – $5000 2.5%$5001- $10000 5%Over $10000 8% (high interest)The application should ask the user to enter the amount for each account (total N accounts) and calculate theinterest. The application should display the interest for each bank account as shown in the example below.At the end of the Nth accounts interest the details such as total interest lowest interest highest interest average interest and number of accounts with no interest should be displayed. The total interest is calculatedby adding the interest for all accounts. The lowest interest is calculated by finding the lowest value frominterests for N accounts. The highest interest is calculated by finding the highest value from interests for Naccounts. The average interest is calculated by dividing the total interest with the total number of accounts.The number of accounts with no interest is calculated by finding all accounts with zero interest.Example for N=4Enter the amount for account number 1: 500The interest for account number 1 is $0Enter the amount for account number 2: 2000The interest for account number 2 is $50Enter the amount for account number 3: 10000The interest for account number 3 is $500Enter the amount for account number 4: 12000The interest for account number 4 is $960————————————————–Interest Details—————————————————–Total Interest: $1510Lowest Interest: $0Highest Interest: $960Average Interest: $377.5Number of accounts with no interest: 1——————————————————————————————————————-Your application is to follow the same format for input and output as in the example above
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