Challenge 1: Implement a Banking Account

Problem statement

Implement the basic structure of a parent class, Account, and a child class, SavingsAccount.

Task 1

Implement properties as instance variables, and set them to None or 0.

Account has the following properties:

• title
• balance

SavingsAccount has the following properties:

• interestRate

Task 2

Create an initializer for Account class. The order of parameters should be the following, where Mark is the title, and 5000 is the account balance:

Account("Mark", 5000)

Task 3

Implement properties as instance variables, and set them to None or 0.

Create an initializer for the SavingsAccount class using the initializer of the Account class in the order below:

SavingsAccount("Mark", 5000, 5)

Here, Mark is the title and 5000 is the balance and 5 is the interestRate.