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Test time left: 01:48:03Create a SavingsAccount class that behaves just like a BankAccount using inheritanceCreate a SavingsAccount class that behaves just like a BankAccount, but also has an interest rate and a method that increases the balance by the appropriate amount of interest (Hint:use Inheritance).Note: Refer to the displayed test cases for better understanding.Sample Test CasesTest Case 1:Expected Output:account·number:784569874account·holder·name:Raviinitial·balance:50000interest·rate:2Savings·Account·Created:Account·Number:784569874Account·Holder:RaviBalance:50000.0Interest·Rate:2.0%After·adding·interest:Balance:·51000.0Test Case 2:Expected Output:account·number:547981235account·holder·name:Ramanainitial·balance:90000interest·rate:2.5Savings·Account·Created:Account·Number:547981235Account·Holder:RamanaBalance:90000.0Interest·Rate:2.5%After·adding·interest:Balance:·92250.0

Question

Test time left: 01:48:03Create a SavingsAccount class that behaves just like a BankAccount using inheritanceCreate a SavingsAccount class that behaves just like a BankAccount, but also has an interest rate and a method that increases the balance by the appropriate amount of interest (Hint:use Inheritance).Note: Refer to the displayed test cases for better understanding.Sample Test CasesTest Case 1:Expected Output:account·number:784569874account·holder·name:Raviinitial·balance:50000interest·rate:2Savings·Account·Created:Account·Number:784569874Account·Holder:RaviBalance:50000.0Interest·Rate:2.0%After·adding·interest:Balance:·51000.0Test Case 2:Expected Output:account·number:547981235account·holder·name:Ramanainitial·balance:90000interest·rate:2.5Savings·Account·Created:Account·Number:547981235Account·Holder:RamanaBalance:90000.0Interest·Rate:2.5%After·adding·interest:Balance:·92250.0

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Solution

Here is a Python solution for your problem:

class BankAccount:
    def __init__(self, account_number, account_holder_name, balance):
        self.account_number = account_number
        self.account_holder_name = account_holder_name
        self.balance = balance

    def display(self):
        print(f"Account Number: {self.account_number}")
        print(f"Account Holder: {self.account_holder_name}")
        print(f"Balance: {self.balance}")

class SavingsAccount(BankAccount):
    def __init__(self, account_number, account_holder_name, balance, interest_rate):
        super().__init__(account_number, account_holder_name, balance)
        self.interest_rate = interest_rate

    def display(self):
        super().display()
        print(f"Interest Rate: {self.interest_rate}%")

    def add_interest(self):
        self.balance += (self.balance * self.interest_rate) / 100
        print(f"After adding interest: Balance: {self.balance}")

# Test Case 1
account1 = SavingsAccount(784569874, "Ravi", 50000, 2)
account1.display()
account1.add_interest()

# Test Case 2
account2 = SavingsAccount(547981235, "Ramana", 90000, 2.5)
account2.display()
account2.add_interest()

This code first defines a BankAccount class with attributes for account number, account holder name, and balance. It also has a display method to print these details.

Then it defines a SavingsAccount class that inherits from BankAccount. It adds an additional attribute for interest rate and a method add_interest to increase the balance by the appropriate amount of interest.

The test cases create instances of SavingsAccount, display their details, and add interest to their balance.

This problem has been solved

Similar Questions

Create a SavingsAccount class that behaves just like a BankAccount using inheritanceCreate a SavingsAccount class that behaves just like a BankAccount, but also has an interest rate and a method that increases the balance by the appropriate amount of interest (Hint:use Inheritance).Note: Refer to the displayed test cases for better understanding.Sample Test CasesTest Case 1:Expected Output:account·number:784569874account·holder·name:Raviinitial·balance:50000interest·rate:2Savings·Account·Created:Account·Number:784569874Account·Holder:RaviBalance:50000.0Interest·Rate:2.0%After·adding·interest:Balance:·51000.0Test Case 2:Expected Output:account·number:547981235account·holder·name:Ramanainitial·balance:90000interest·rate:2.5Savings·Account·Created:Account·Number:547981235Account·Holder:RamanaBalance:90000.0Interest·Rate:2.5%After·adding·interest:Balance:·92250.0

A bank has decided to renew its policy; according to the new policy, you can only own a savings account with minimum savings of Rs.1000. Construct a class ‘SavingAmount’ with only one integer instance variable ‘saving’. The class will have the following methods in it: A setter method 'setInitialSaving' that will take an integer as a parameter and set the value of savings equal to that of the integer .A getter method 'getCurrentSaving' that will return the saving .An increment method that will increase the savings by Rs.1000 .A decrement method that will decrease the savings by Rs.100 .A method to check the savings of a person say 'checkSaving'. If the savings amount is greater than or equal to Rs.1000, print “Congratulations! You have saved a good amount”. If the amount is less than Rs.1000 and greater than or equal to 0, print “Insufficient saving!”. If the savings amount is less than 0, print “You are in debt”.Input: Your program should take the integer amount.Output: The output should be in the following format.Call the 'decrementSaving' method once.Call the incrementSaving' method once.Call the 'checkSaving' method.Display the total savings.Sample Input:20000 Sample Output:Congratulations! You have saved a good amountYour current savings are Rs 20900Sample Input:-1000 Sample Output:You are in debtYour current savings are Rs 100Sample Input:-100 Sample Output:Insufficient saving!Your current savings are Rs 800

Imagine you planted a financial seed with an initial deposit of ₹100 in a savingsaccount.If the annual interest rate is 5%, calculate the balance after:a) 1 yearb) 2 yearsc) 3 yearsQuestion 2: The Growth TreeDraw a tree and label its branches with the years (0, 1, 2, 3). On each branch, show howthemoney grows over time with compound interest. Be creative with your design!Question 3: Real-Life ScenarioResearch a savings account interest rate from a local bank. If you deposit ₹200, howmuch willyou have after 3 years? Create a table to display the growth.Question 4: Compound vs. SimpleCreate a chart comparing compound interest and simple interest. Include advantagesand disadvantages of each.SCIENCE1.To create a chart on sounds produced by different musical instruments.2 Choose any four musical instruments that are not given in the chapter andfind the name of each musical instrument .

Assume that a bank maintains two kinds of accounts for customers, one called as savings account and the other as current account. The saving account provides compound interest (9%) and withdrawal facilities but not cheque book facility. The current account provides cheque book facility but no interest. Current account holders should also maintains a minimum balance of 500 and if the balance falls below this level, a service charge (Rs. 50) is imposed. Create a class Account as abstract that stores customer name, account number and opening balance (Rs. 500). From this derive the classes Current and Saving to make them more specific to their requirements. Include necessary member functions in order to achieve the following tasks:Get the account details using constructor.Display the account details using friend function.Deposit an amount (Rs. 10000) for a customer and update the balanceCompute and deposit interest. Now display the balance using inline function.Withdraw amount (Rs. 10200) for a customer after checking the balance and update the balance.Check for the minimum balance (for current account holders), impose penalty, if necessary, and update the balance.Count the number of transactions carried out using static member variable and display the count value by static member function    OUTPUTAmount deposited successfullyCurrent Balance:10500Interest deposited successfullyCurrent Balance:10695Insufficient balance. Penalty of 50 imposedCustomer Name:JohnAccount Number:123456Current Balance:10695Customer Name:JaneAccount Number:654321Current Balance:450Total number of transactions:3

Which type of account pays more interest than a savings account but requires you to leave your money untouched for a period of time?A.Money market accountB.Flexible spending accountC.Checking accountD.Certificate of depositSUBMITarrow_backPREVIOUS

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