Lab7
Lab7
(Account Inheritance Hierarchy) Create an inheritance hierarchy that a bank might use to
represent customers’ bank accounts. All customers at this bank can deposit (i.e., credit) money
into their accounts and withdraw (i.e., debit) money from their accounts. More specific types of
accounts also exist. Savings accounts, for instance, earn interest on the money they hold. Checking
accounts, on the other hand, charge a fee per transaction (i.e., credit or debit).
Create an inheritance hierarchy containing base class Account and derived classes
SavingsAccount and CheckingAccount that inherit from class Account. Base class Account
should include one data member of type double to represent the account balance. The class should
provide a constructor that receives an initial balance and uses it to initialize the data member. The
constructor should validate the initial balance to ensure that it is greater than or equal to 0.0. If not,
the balance should be set to 0.0 and the constructor should display an error message, indicating
that the initial balance was invalid. The class should provide three member functions. Member
function credit should add an amount to the current balance. Member function debit should
withdraw money from the Account and ensure that the debit amount does not exceed the Account’s
balance. If it does, the balance should be left unchanged and the function should print the message
"Debit amount exceeded account balance." Member function getBalance should return the
current balance.
Derived class SavingsAccount should inherit the functionality of an Account, but also include a
data member of type double indicating the interest rate (percentage) assigned to the Account.
SavingsAccount’s constructor should receive the initial balance, as well as an initial value for
the SavingsAccount’s interest rate. SavingsAccount should provide a public member function
calculateInterest that returns a double indicating the amount of interest earned by an account.
Member function calculateInterest should determine this amount by multiplying the interest
rate by the account balance. [Note: SavingsAccount should inherit member functions credit and
debit as is without redefining them.]
Derived class CheckingAccount should inherit from base class Account and include an additional
data member of type double that represents the fee charged per transaction. CheckingAccount’s
constructor should receive the initial balance, as well as a parameter indicating a fee amount. Class
CheckingAccount should redefine member functions credit and debit so that they subtract the fee
from the account balance whenever either transaction is performed successfully.
CheckingAccount’s versions of these functions should invoke the base-class Account version to
perform the updates to an account balance. CheckingAccount’s debit function should charge a
fee only if money is actually withdrawn (i.e., the debit amount does not exceed the account
balance). [Hint: Define Account’s debit function so that it returns a bool indicating whether money
was withdrawn. Then use the return value to determine whether a fee should be charged.]
After defining the classes in this hierarchy, write a program that creates objects of each class and
tests their member functions. Add interest to the SavingsAccount object by first invoking its
calculateInterest function, then passing the returned interest amount to the object’s credit
function.
Provide a main program creating objects of each type and calling all their functions.