Question

Write a menu driven program to calculate maturity amount of a Bank Deposit.

The user is given the following options:

(i) Term Deposit

(ii) Recurring Deposit

For option (i), accept the principal (P), rate of interest (r) and the time period in years (n). Calculate

and print the maturity amount (A) receivable using the formula :

A = P [ +



]



For option (ii), accept the monthly installment (P), rate of interest (r), and the time period in months

(n). Calculate and print the maturity amount (A) receivable using the formula :

A = P × n + P ×

(+)



×





×





For an incorrect option, an appropriate error message should be displayed.​

Answer 1

Answer:

As per the rules, one withdrawal is permitted before the maturity period. This withdrawal amount is capped at a maximum of 50% of the deposits in the account. The withdrawal can be made only if the RD is operational for a minimum of 1 year, with 12 monthly deposits required in order to withdraw the sum.

ji