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Calculating Interest Based Problem in Java

The document describes a program that calculates interest on different types of bank accounts. It defines classes for fixed deposits (FD), recurring deposits (RD), and savings bank (SB) accounts that derive from an abstract Account class. The calculateInterest method calculates interest based on factors like amount, days/months, and customer age according to interest rate tables. The main method gets user input to select an account type and calculate interest by creating object instances for the selected account class.

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arjun singh
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73 views

Calculating Interest Based Problem in Java

The document describes a program that calculates interest on different types of bank accounts. It defines classes for fixed deposits (FD), recurring deposits (RD), and savings bank (SB) accounts that derive from an abstract Account class. The calculateInterest method calculates interest based on factors like amount, days/months, and customer age according to interest rate tables. The main method gets user input to select an account type and calculate interest by creating object instances for the selected account class.

Uploaded by

arjun singh
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Aim:

Calculate interest based on the type of the account and the status of the account
holder. The rates of interest changes according to the amount (greater than or less
than 1 crore), age of account holder (General or Senior citizen) and number of days
if the type of account is FD or RD.

Some sample rates are given in the below tables:

Requirements: 1. Separate classes should be created for the different types of


accounts. 2. All classes should be deriving from an abstract class named ‘Account’
which contains a method called ‘calculateInterest’. 3. Implement the
calculateInterest method according to the type of the account, interest rates,
amount, and age of the account holder. 4. If the user is entering any invalid value
(For eg. Negative value) in any fields, raise a user defined exception.

Apparatus / Simulator Used:


Eclipse IDE - (Java), NetBeans.

CODE:

import java.util.*;

class FDAccount{

double amount;
int noOfDays;
int ageofAcHolder;

public FDAccount(double b,int c,int d){

amount = b;
noOfDays = c;
ageofAcHolder = d;
}
double interestgain = 0.0;
void calculateInterest(){
if(amount<10000000){
if(ageofAcHolder>=60){
if(noOfDays>=7 && noOfDays<=14){
interestgain = (amount*5.00)/100;
}
else if(noOfDays>=15 && noOfDays<=29){
interestgain = (amount*5.25)/100;
}
else if(noOfDays>=30 && noOfDays<=45){
interestgain = (amount*6.00)/100;
}
else if(noOfDays>=45 && noOfDays<=60){
interestgain = (amount*7.50)/100;
}
else if(noOfDays>=61 && noOfDays<=184){
interestgain = (amount*8.00)/100;
}
else if(noOfDays>=185 && noOfDays<=365){
interestgain = (amount*8.50)/100;
}
System.out.println("Interestgain: "+interestgain);
}
else{
if(noOfDays>=7 && noOfDays<=14){
interestgain = (amount*4.50)/100;
}
else if(noOfDays>=15 && noOfDays<=29){
interestgain = (amount*4.75)/100;
}
else if(noOfDays>=30 && noOfDays<=45){
interestgain = (amount*5.50)/100;
}
else if(noOfDays>=45 && noOfDays<=60){
interestgain = (amount*7.00)/100;
}
else if(noOfDays>=61 && noOfDays<=184){
interestgain = (amount*7.50)/100;
}
else if(noOfDays>=185 && noOfDays<=365){
interestgain = (amount*8.00)/100;
}
System.out.println("Interestgain: "+interestgain);
}
}
else{
if(noOfDays>=7 && noOfDays<=14){
interestgain = (amount*6.50)/100;
}
else if(noOfDays>=15 && noOfDays<=29){
interestgain = (amount*6.75)/100;
}
else if(noOfDays>=30 && noOfDays<=45){
interestgain = (amount*6.75)/100;
}
else if(noOfDays>=45 && noOfDays<=60){
interestgain = (amount*8.00)/100;
}
else if(noOfDays>=61 && noOfDays<=184){
interestgain = (amount*8.50)/100;
}
else if(noOfDays>=185 && noOfDays<=365){
interestgain = (amount*10.00)/100;
}
System.out.println("Interestgain: "+interestgain);
}
}
}

class RDAccount{
double amount;
int noOfmonths;
int ageofAcHolder;

public RDAccount(double a,int b,int c){


amount = a;
noOfmonths = b;
ageofAcHolder = c;
}
double interestgain=0.0;
void calculateInterest(){

if(ageofAcHolder>=65){
if(noOfmonths>=6 && noOfmonths<9){
interestgain = (amount*8.00)/100;
}
else if(noOfmonths>=9 && noOfmonths<12){
interestgain = (amount*8.25)/100;
}
else if(noOfmonths>=12 && noOfmonths<15){
interestgain = (amount*8.50)/100;
}
else if(noOfmonths>=15 && noOfmonths<18){
interestgain = (amount*8.75)/100;
}
else if(noOfmonths>=18 && noOfmonths<21){
interestgain = (amount*9.00)/100;
}
else if(noOfmonths>=21 && noOfmonths<=24){
interestgain = (amount*9.25)/100;
}
System.out.println("Interestgain "+ interestgain);
}
else{
if(noOfmonths>=6 && noOfmonths<9){
interestgain = (amount*7.50)/100;
}
else if(noOfmonths>=9 && noOfmonths<12){
interestgain = (amount*7.75)/100;
}
else if(noOfmonths>=12 && noOfmonths<15){
interestgain = (amount*8.00)/100;
}
else if(noOfmonths>=15 && noOfmonths<18){
interestgain = (amount*8.25)/100;
}
else if(noOfmonths>=18 && noOfmonths<21){
interestgain = (amount*8.50)/100;
}
else if(noOfmonths>=21 && noOfmonths<=24){
interestgain = (amount*8.75)/100;
}
System.out.println("Interestgain "+ interestgain);
}
}
}

class SBaccount{
double amount;
String accountType;

public SBaccount(double a,String b){


amount = a;
accountType = b;
}
double interestgain=0.0;
void calculateInterest(){
if(accountType=="Normal"){
interestgain = (amount*4)/100;
}
else if(accountType=="NRI"){
interestgain = (amount*6)/100;
}
System.out.println("Interestgain "+interestgain);
}

public class Main


{
public static void main(String[] args) {

Scanner sc = new Scanner(System.in);


// goto
System.out.println("1. Interest Calculator –FD");
System.out.println("2. Interest Calculator –RD");
System.out.println("3. Interest Calculator –SB");
System.out.println("4. Exit");

System.out.println("Enter your choice: ");


int a = sc.nextInt();
if(a==1){
System.out.println("Enter Amount ");
double amount = sc.nextDouble();
System.out.println("Enter no of days ");
int days = sc.nextInt();
System.out.println("Enter age of person ");
int age = sc.nextInt();

FDAccount f = new FDAccount(amount,days,age);


f.calculateInterest();
// continue flag;
}
else if(a==2){
System.out.println("Enter Amount ");
double amount = sc.nextDouble();
System.out.println("Enter no of months ");
int months = sc.nextInt();
System.out.println("Enter age of person ");
int age = sc.nextInt();
RDAccount rd = new RDAccount(amount,months,age);
rd.calculateInterest();
// continue flag;
}
else if(a==3){
System.out.println("Enter Amount ");
double amount = sc.nextDouble();
System.out.println("Enter type of account ");
String type = sc.next();

SBaccount sb = new SBaccount(amount,type);


sb.calculateInterest();
// continue flag;
}
else if(a==4){
System.exit(0);
}
}
}

OUTPUT:
Learning Outcomes:

1. Learn how to implement all the functions in JAVA


2. Learn about return and without return functions concept.
3. Learn about arguments.
4. Learn about difference between simple and parameterized function.
5. Learn how to write code in JAVA, about indentation.

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