Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Account Saving Checking A bank in your town updates its customers accounts at the end of each month. The bank offers two types of accounts:

Account Saving Checking

A bank in your town updates its customers accounts at the end of each month. The bank offers two types of accounts: savings and checking. Every customer must maintain a minimum balance. If a customers balance falls below the minimum balance, there is a service charge of $10.00 for savings accounts and $25.00 for checking accounts. If the balance at the end of the month is at least the minimum balance, the account receives interest as follows: a) Savings accounts receive 4% interest. b) Checking accounts with balances of up to $5000 more than the mini- mum balance receive 3% interest; otherwise, the interest is 5%. Write a program that reads a customers account number (int type), account type (char type; s or S for savings, c or C for checking), minimum balance that the account should maintain, and current balance. The program should then output the account number, account type, current balance, and new balance or an appropriate error message.

Test your program by running it five times, using the following data:

46728 S 1000 2700

87324 C 1500 7689

873 S 1000 800

89832 C 2000 3000

98322 C 1000 750

Java

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Databases questions