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A Challenge in java about calculate the interest of N Accounts

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Settlement of interest on savings accounts

Languages: ES - EN

Challenge

We have the information about the following N savings accounts of a banking organization:

  • Account number, of type String.

  • Opening date, type String of length 10, format “yyyy/mm/dd” (Year/Month/Day).

  • Type of account (1: Daily Savings, 2: Young Account, 3: Traditional), of type int.

  • Account balance, of type float.

The bank want to create a program in JAVA, using structured programming, that calculates and displays the following information:

  • Account number

  • Monthly interest value of the account

  • Balance of the account with the increase in the interest value.

  • Show the total amount of interest on all accounts.

  • Shows the sum of total balances.

In addition, they provide the information to calculate the interest value of the account, which depends on the type of account, as follows:

Account Type (%) monthly interest
1. Daily Savings 1.5
2. Young Account 1.7
3. Traditional 1.6

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