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Define a Java class hierarchy for the following account types: Account ( Account ) : Data attribute: balance Constructor to initialize all attributes. Savings Account
Define a Java class hierarchy for the following account types: Account Account: Data attribute: balance Constructor to initialize all attributes. Savings Account Savings: Additional data attribute: interestRate Constructor to initialize all attributes. A method calculateInterest to compute and return the interest earned based on the balance and interest rate. Fixed Deposit FixedDeposit: Additional data attribute: tenure in months Constructor to initialize all attributes. A method calculateMaturityAmount to compute and return the maturity amount based on the principal, interest rate, and tenure Object Creation and Usage: Create objects for each account type with different attributes. Demonstrate method usage. Marks Distribution: Define the account hierarchy with additional attributes and methods: marks Implement constructors for each account type: marks Create objects and demonstrate method usage: marks
Define a Java class hierarchy for the following account types:
Account Account:
Data attribute: balance
Constructor to initialize all attributes.
Savings Account Savings:
Additional data attribute: interestRate
Constructor to initialize all attributes.
A method calculateInterest to compute and return the interest earned based on the balance and interest rate.
Fixed Deposit FixedDeposit:
Additional data attribute: tenure in months
Constructor to initialize all attributes.
A method calculateMaturityAmount to compute and return the maturity amount based on the principal, interest rate, and tenure
Object Creation and Usage:
Create objects for each account type with different attributes.
Demonstrate method usage.
Marks Distribution:
Define the account hierarchy with additional attributes and methods: marks
Implement constructors for each account type: marks
Create objects and demonstrate method usage: marks
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