Question: ou will create a simple Banking System Simulation in C + + and Java, where different types of accounts can be managed. Each account can

ou will create a simple Banking System Simulation in C++ and Java, where
different types of accounts can be managed. Each account can perform actions like deposit,
withdraw, and calculate interest. The system should support both Savings Accounts and
Checking Accounts, each with unique behaviors, and allow transactions to be performed on
these accounts.
1. Create an interface Account (Java)/ an abstract class Account (C++).
o This interface/abstract class should declare the following abstract methods:
void deposit(double amount): Deposits the given amount into the
account.
void withdraw(double amount): Withdraws the given amount from the
account, if sufficient balance is available.
double calculateInterest(): Calculates and returns the interest based on
the current balance.
2. Create an abstract class BankAccount that implements or inherits from Account.
The class should have the following fields:
o String accountHolder to represent the account holders name.
o double balance to represent the current account balance.
Provide implementations for the constructor, deposit() and withdraw() methods, but
leave calculateInterest() as abstract.
3. Create the following specific account classes (with their own constructors) that extend
BankAccount:
o SavingsAccount: Implements calculateInterest() to return 5% of the balance as
interest.
o CheckingAccount: Implements calculateInterest() to return 0(as checking
accounts generally dont have interest), but adds a method chargeFee() to
deduct a monthly maintenance fee ($10).

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Programming Questions!