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/Challenge 3: Implement a Banking Application Using Polymorphism
Challenge 3: Implement a Banking Application Using Polymorphism
In this challenge, you have to implement a basic banking application by implementing the Account class along with two derived classes, SavingsAccount and CheckingAccount.
We'll cover the following...
Problem Statement
Write a code that has:
- 
A base class named Account.- Inside it define:
- A field, private double _balance
- A protectedproperty,Balance, to access the balance
- public virtual bool Withdraw(double amount)
- public virtual bool Deposit(double amount)
- public virtual void PrintBalance()
 
- A field, 
 
- Inside it define:
- 
Then, there are two derived classes - 
SavingsAccountclass has:- 
A privatefield_interestRateset to 0.8
- 
An overridden Withdraw()method that deducts amount from balance with interestRate only if enough balance is available. The withdrawal amount should be greater than zero.- Returns trueif the transaction was successful andfalseotherwise.
 
- Returns 
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An overridden Deposit()method that adds amount to balance with interestRate and also checks if the amount to be deposited is greater than zero- Returns trueif the transaction was successful andfalseotherwise.
 
- Returns 
- 
PrintBalance()displays the balance in the account
 
- 
- 
CheckingAccountclass has:- 
An overridden Withdraw()method that deducts amount from balance only if enough balance is available and the withdrawal amount should be greater than zero- Returns trueif the transaction was successful andfalseotherwise.
 
- Returns 
- 
An overridden Deposit()method that adds amount in balance and also checks if the amount to be deposited is greater than zero- Returns trueif the transaction was successful andfalseotherwise.
 
- Returns 
- 
PrintBalance()displays the balance in the account
 
- 
 
- 
For SavingsAccount:
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