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Thread: Homework Help

  1. #1
    KMayers is offline Member
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    Nov 2012
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    Question Homework Help

    A bank in your town updates its customersí 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 customerís 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 minimum balance receive 3% interest; otherwise, the interest is 5%.

    I need to write a Java program using Eclipse Indigo that reads a customerís 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
    79873 S 1000 800
    89832 C 2000 3000
    98322 C 1000 750

    This is what I have so far

    import java.util.*;

    public class Prog_Exercise12
    static Scanner console = new Scanner(;


    public static void main(String[] args)

    int accountNumber;
    char acctType;
    float acctBalance;
    double minimumBalance;
    double interest;

    System.out.print("Enter the account " + "number: ");
    accountNumber = console.nextInt();

    System.out.print("Enter the account type: " + "type: ");
    accountType = (0);

  2. #2
    Darkzombies is offline Senior Member
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    Default Re: Homework Help

    Well I suggest making a new class for Savings accounts and Checking accounts class with the required methods, that way you can do savingsAccount s = new savingsAccount(46728, 1000, 2700);

  3. #3
    DarrylBurke's Avatar
    DarrylBurke is offline Forum Police
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    Madgaon, Goa, India
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    Default Re: Homework Help

    If you're forever cleaning cobwebs, it's time to get rid of the spiders.

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