An employee wants to deposit certain sum of money under "Term Deposit
scheme in Syndicate Bank. The bank has provided the tariff of the scheme,
which is given below:
Rate of Interest
No. of Days
Up to 180 days
181 to 364 days
Rate of Interest
5.5%
7.5%
No. of Days
Exact 365 days
More than 365 days
9.0%
8.5%
Write a java program to calculate the maturity amount taking the sum and number
of days as inputs.
Answers
Answer:
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Answer:
import java.util.Scanner;
public class KboatTermDeposit
{
public static void main(String args[]) {
Scanner in = new Scanner(System.in);
System.out.print("Enter sum of money: ");
double sum = in.nextDouble();
System.out.print("Enter number of days: ");
int days = in.nextInt();
double interest = 0.0;
if (days <= 180)
interest = sum * 5.5 / 100.0;
else if (days <= 364)
interest = sum * 7.5 / 100.0;
else if (days == 365)
interest = sum * 9.0 / 100.0;
else
interest = sum * 8.5 / 100.0;
double amt = sum + interest;
System.out.print("Maturity Amount = " + amt);
}
}