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.
