Java

Part A.

A bank needs programs that can compute the customers account balance after deposit, after withdrawal, and after

interest for their savings, checking, and loan accounts.

Task 1. Create three classes:

Savings, Checking, Loan

Task 2. In class Savings account, create three voidmethods (Deposit,Withdrawal, and Interest):

-To compute balance after deposit(the method takes deposit amount: double depositAmount; the current balance is stored in a variable: double balance. The method updates the value in this variable by adding the deposit amount to its original value).

-To compute balance after withdrawal(the method takes withdrawal amount: double withdrawalAmount).The method to updates the balance by subtracting the withdrawal amount to its original value.

-To compute balance after interest (the method takes interest rate: double interestRate). The method updates the balance by adding the interest amount to its original value.

Task 3.

Add a class variable to store customers name: String name.

Task 4. Call the methods to compute and display the Savings account balances:

Note: To make the code more readable, use a different object for each customer to identify the customer. Display customers names and their balances .

a. Customer John Doe: Initial balance = $100, deposit = $35, withdrawal = $55, interest = 3%,

b. Customer Sam Simms: Initial balance = $500, deposit = $250, withdrawal = $150, interest = 3%

Task 5. It turns out that the name of the first customer is Jon Dole , not John Doe. change the first customers name and redisplay his name and his balance