Assume the existence of a BankAccount class. Define a derived class in C++, SavingsAccount that contains two instance variables: the first a double, named interestRate, and the second an integer named interestType. The value of the type variable can be 1 for simple interest and 2 for compound interest. There is also a constructor that accepts two parameters : a double that is used to initialize the interestRate variable , and a string that you may assume will contain either “Simple”, or “Compound”, and which should be used to initialize the type variable appropriately. There should also be a pair of functions getInterestRate and getInterestType that return the values of the corresponding data members (as double and int respectively).

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Class

Object Oriented Programming System (OOPs) is a programming model built on the perception of “objects” that contains data and methods. The major purpose of Object Oriented Programming is to increase the maintainability and flexibility of programs. Object Oriented Programming gets together data and its behavior (methods) in a single location (object) which makes it easier to understand.