Question

A bank announces new rates for Term Deposit Schemes f ir their customers and Senior Citizens as given below: 

Term	Rate of Interest (General)	Rate of Interest (Senior Citizen)
Up to 1 year	7.5%	8.0%
Up to 2 years	8.5%	9.0%
Up to 3 years	9.5%	10.0%
More than 3 years	10.0%	11.0%

The senior citizen rates are applicable to the customers whose age is 60 years or more. Write a program to accept the sum (p) in term deposit scheme, age of the customer and the term. The program displays the information in the following format: 

Amount Deposited	Term	Age	Interest earned	Amount Paid
xxx	xxx	xxx	xxx	xxx

Answer 1

import java.util.*;
public class Q7
{public static void main(String args[])
{ int age, term;
double rate = 0.0, intr, amt, p;
Scanner sn = new Scanner(System.in);
System.out.printin("Enter the age, principal and term");
age = sn.nextInt();
p = sn.nextDouble();
term = sn.nextInt();
if (term <= 1)
if (age <= 60) rate = 7.5 / 100;
else rate = 8.0 / 100;

else if (term > 1 && term <= 2)
if (age <= 60) rate = 8.5;
else rate = 9.0;

else if (term > 2 && term <= 3)
if (age <= 60) rate = 9.5;
else rate = 10.0;

else if (term > 3)
if (age <= 60) rate = 10.0;
else rate = 11.0;
intr = (p * rate * term) / 100;
amt = p + intr;
System.out.printin("Amt deposited \t Term \t Age \t Interest \t Amt Paid");
System.out.println(p +"\t\t" + term + "\t" + age + "\t\t" + intr + "\t\t" + amt);
}}