A transport company wants to buy different type of vehicles through loan. So it needs a system to calculate the loan amount to pay for the different vehicles. Develop a java program to calculate total loan amount using concept of inheritance based on the following instructions. Save the file/project as TransportYourID. A) Class name: Vehicle_yourFirstName Member variables: principalAmount, rate Member Method: – parametrized constructor to initialize member variables – to calculate and return interest of vehicle interest = principalAmount * rate2 B) Class name: LandTransport extends Vehicle_yourFirstName Member variables: noOfYear Member Method :
Question:
A transport company wants to buy different type of vehicles through loan. So it needs a system to calculate the loan amount to pay for the different vehicles. Develop a java
A) Class name: Vehicle_yourFirstName
Member variables: principalAmount, rate
Member Method:
– parametrized constructor to initialize member variables
– to calculate and return interest of vehicle
interest = principalAmount * rate2
B) Class name: LandTransport extends Vehicle_yourFirstName
Member variables: noOfYear
Member Method :
– Constructor to invoke the constructor of the super class and initialize noOfYear
– to calculate and return loan amount of Land Transport
loanAmount = interest * ( ( noOfYear / 12) + 365)
C) Controlling class : TransportYourID
– To create object of class LandTransport
– To display interest of Vehicle_yourFirstName
– To display loan amount of LandTransport
– To display noOfYear of LandTransport
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