Below is an algorithm to compute tip. Translate the following algoríthm into Java code. Make sure to define the right data ype. Step 1: Declare a variable named subtotal with initial value 30. Step 2:...

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Extracted text: Below is an algorithm to compute tip. Translate the following algoríthm into Java code. Make sure to define the right data ype. Step 1: Declare a variable named subtotal with initial value 30. Step 2: Declare a constant named TIP RATE with value 0.2. Step 3: Declare a variable named tip, multiply subtotal and TIP RATE, and assign the result to tip. Step 4: Display tip to the console. Sample Run Your tip is $6.0