BankAccount. java Author: Aakash Patel Represents a bank account with basic services such as deposit,// withdraw and addInterest. Modified to set up the account by // defining its owner, account number, and initial balance as ZERO.//import java. text. NumberFormat;public class BankAccount{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 BankAccount (String owner, long account, double initial){name = owner;acctNumber = account;balance = initial;} Sets up the account by defining its owner, account number,// and initial balance as ZERO.//public BankAccount (String owner, long account){name = owner;acctNumber = account;balance = 0.0;} Deposits the specified amount into the account. Returns the// new balance.//