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.
Create an interface Account Java an abstract class Account C
o This interfaceabstract class should declare the following abstract methods:
void depositdouble amount: Deposits the given amount into the
account.
void withdrawdouble 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.
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
Create the following specific account classes with their own constructors that extend
BankAccount:
o SavingsAccount: Implements calculateInterest to return of the balance as
interest.
o CheckingAccount: Implements calculateInterest to return as checking
accounts generally dont have interest but adds a method chargeFee to
deduct a monthly maintenance fee $
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