DEPARTMENT OF
COMPUTER SCIENCE & ENGINEERING
Experiment-3
Student Name: Aman Kumar UID:22BCS12050
Branch: BE-CSE Section/Group: 617/A
Semester: 6th Date of Performance: 25.1.25
Subject Name: Project Based Learning in Java Subject Code: 22CSH-359
[Link]:Create an application to calculate interest for FDs, RDs based on certain conditions using
inheritence
[Link]: To design and implement a Java program that calculates interest for various account
types (FD, RD, SB) using object-oriented principles, focusing on abstraction, method overriding, and
dynamic input validation.
[Link]/Code:
abstract class Account {
double interestRate;
double amount;
abstract double calculateInterest();
}
class FDAccount extends Account {
int noOfDays;
int ageOfACHolder;
FDAccount(double amount, int noOfDays, int ageOfACHolder) {
[Link] = amount;
[Link] = noOfDays;
[Link] = ageOfACHolder;
}
@Override
double calculateInterest() {
if (amount < 10000000) { // Less than 1 crore
if (noOfDays >= 7 && noOfDays <= 14) interestRate = ageOfACHolder >= 60 ? 5.0 : 4.5;
else if (noOfDays >= 15 && noOfDays <= 29) interestRate = ageOfACHolder >= 60 ? 5.25: 4.75;
else if (noOfDays >= 30 && noOfDays <= 45) interestRate = ageOfACHolder >= 60 ? 6.0 : 5.5;
else if (noOfDays >= 45 && noOfDays <= 60) interestRate = ageOfACHolder >= 60 ? 7.5 :7.0;
else if (noOfDays >= 61 && noOfDays <= 184) interestRate = ageOfACHolder >= 60 ? 8.0: 7.5;
else if (noOfDays >= 185 && noOfDays <= 365) interestRate = ageOfACHolder >= 60 ?8.5 : 8.0;
} else { // Greater than or equal to 1 crore
if (noOfDays >= 7 && noOfDays <= 14) interestRate = 6.5;
else if (noOfDays >= 15 && noOfDays <= 29) interestRate = 6.75;
else if (noOfDays >= 30 && noOfDays <= 45) interestRate = 6.75;
DEPARTMENT OF
COMPUTER SCIENCE & ENGINEERING
else if (noOfDays >= 45 && noOfDays <= 60) interestRate = 8.0;
else if (noOfDays >= 61 && noOfDays <= 184) interestRate = 8.5;
else if (noOfDays >= 185 && noOfDays <= 365) interestRate = 10.0;
}
return amount * interestRate / 100;
}
}
class RDAccount extends Account {
int noOfMonths;
double monthlyAmount;
int ageOfACHolder;
RDAccount(double monthlyAmount, int noOfMonths, int ageOfACHolder) {
[Link] = monthlyAmount;
[Link] = noOfMonths;
[Link] = ageOfACHolder;
}
@Override
double calculateInterest() {
if (noOfMonths == 6) interestRate = ageOfACHolder >= 60 ? 8.0 : 7.5;
else if (noOfMonths == 9) interestRate = ageOfACHolder >= 60 ? 8.25 : 7.75;
else if (noOfMonths == 12) interestRate = ageOfACHolder >= 60 ? 8.5 : 8.0;
else if (noOfMonths == 15) interestRate = ageOfACHolder >= 60 ? 8.75 : 8.25;
else if (noOfMonths == 18) interestRate = ageOfACHolder >= 60 ? 9.0 : 8.5;
else if (noOfMonths == 21) interestRate = ageOfACHolder >= 60 ? 9.25 : 8.75;
return monthlyAmount * noOfMonths * interestRate / 100;
}
}
class SBAccount extends Account {
String accountType;
SBAccount(double amount, String accountType) {
[Link] = amount;
[Link] = accountType;
}
@Override
double calculateInterest() {
interestRate = [Link]("NRI") ? 6.0 : 4.0;
return amount * interestRate / 100;
}
DEPARTMENT OF
COMPUTER SCIENCE & ENGINEERING
[Link]:
5. Learning outcomes:
1. Understand the concept of abstract classes and method overriding in Java.
2. Learn to implement real-world scenarios using object-oriented principles.
3. Develop skills to validate user input for different account types.
4. Gain knowledge of calculating interest dynamically based on conditions.
5. Enhance problem-solving abilities by applying conditional logic effectively.
