37

Software Requirements Specification (SRS) for Credit Card Repayment Calculator

Introduction

Purpose:

The purpose of this document is to outline the requirements for the development of a Credit Card Repayment Calculator application. This application helps users plan the repayment of credit card debt by calculating monthly payments, enabling them to manage their finances effectively.

Scope:

The Credit Card Repayment Calculator will provide users with a tool to estimate monthly payments for credit card debt, considering factors such as outstanding balance, interest rate, and desired repayment period. Users will input relevant details, and the system will calculate and display the recommended monthly repayment amount.

System Overview

System Description:

The Credit Card Repayment Calculator will be a web-based application accessible through a browser. It aims to assist users in creating a structured repayment plan for their credit card debt.

System Architecture:

The application will follow a client-server architecture, with the client being the web browser and the server handling the repayment calculation logic.

Functional Requirements

Use Cases:

Plan Credit Card Repayment:

  • Users can input details such as outstanding balance, interest rate, and desired repayment period.
  • The system will calculate and display the recommended monthly repayment amount.

Functional Requirements:

Input:

The system shall accept the following input:

  • Outstanding Balance (in INR)
  • Interest Rate (in percentage)
  • Repayment Period (in months or years)

Calculation:

  • The system shall use the standard credit card repayment formula to calculate the monthly repayment amount.

Output:

  • The system shall display the calculated monthly repayment amount to the user.

Non-Functional Requirements:

  • The system should provide a response time of under 2 seconds.
  • The application should be accessible on common web browsers (Chrome, Firefox, Safari).

External Interface Requirements

User Interfaces:

  • The user interface shall include input fields for outstanding balance, interest rate, repayment period, along with a “Calculate” button.
  • The calculated monthly repayment amount shall be displayed prominently.

Hardware Interfaces:

  • The system should be compatible with standard computing hardware.

Software Interfaces:

  • The application shall be developed using HTML, CSS, and JavaScript.
  • The server-side logic can be implemented using a backend framework (e.g., Node.js, Django).

Communication Interfaces:

  • The application will communicate with the server for the repayment calculation and display of results.

Performance Requirements

Response Time:

The system should respond within 2 seconds for a typical user input.

Throughput:

The application should handle at least 100 simultaneous users.

System Constraints

Regulatory Requirements:

The application should comply with relevant financial regulations.

Hardware Limitations:

The system should be compatible with devices with standard web-browsing capabilities.

Security Requirements

Authentication:

The application may not require user authentication as it’s a public tool.

Data Protection:

The system should not store or retain any user input data after the calculation.

Quality Attributes

Reliability:

The application should produce accurate results based on the provided input.

Maintainability:

The code should be well-documented for ease of maintenance.

Usability:

The user interface should be intuitive, requiring minimal guidance.

Testing Requirements

Test Cases:

Test cases should cover various credit card debt scenarios and repayment periods to ensure accurate monthly repayment calculations.

Test Case 1:

  • Inputs: Outstanding Balance = 50,000 INR, Interest Rate = 15%, Repayment Period = 12 months.
  • Expected Output: Monthly Repayment ≈ 4,583 INR

Test Case 2:

  • Inputs: Outstanding Balance = 1,00,000 INR, Interest Rate = 18%, Repayment Period = 24 months.
  • Expected Output: Monthly Repayment ≈ 5,306 INR

Test Case 3:

  • Inputs: Outstanding Balance = 75,000 INR, Interest Rate = 12%, Repayment Period = 18 months.
  • Expected Output: Monthly Repayment ≈ 4,717 INR

Acceptance Criteria:

The application is considered successful if it produces correct monthly repayment amounts based on the standard credit card repayment formula.

Project Timeline

Milestones:

Design, Development, Testing, Deployment.

Development Phases:

Frontend development, Backend development, Testing, Deployment.

Glossary

None

Database Structure

Tables:

Credit_Card_Repayment_Records:

  • RecordID (Primary Key, Auto-increment)
  • OutstandingBalance (Decimal)
  • InterestRate (Decimal)
  • RepaymentPeriod (Integer)
  • MonthlyRepayment (Decimal)
  • CalculationDate (DateTime)

Conclusion

This extended SRS document provides a more detailed overview of the Credit Card Repayment Calculator application, including the database structure and additional test cases. It should be reviewed and approved by relevant stakeholders before proceeding with the development phase.

118 comments
  1. You really make it seem really easy along with your presentation but I to find this topic to
    be actually something which I think I would never
    understand. It kind of feels too complex and very large for me.
    I’m having a look ahead to your next put up, I will try to get
    the hang of it! Escape rooms

  2. Aw, this was an incredibly nice post. Taking the time and actual effort to generate a very good article… but what can I say… I put things off a lot and never manage to get anything done.

  3. This is the perfect site for anyone who wishes to find out about this topic. You know so much its almost hard to argue with you (not that I really will need to…HaHa). You certainly put a new spin on a topic which has been discussed for decades. Excellent stuff, just excellent.

  4. Hi, I do think this is a great web site. I stumbledupon it 😉 I may return yet again since I book marked it. Money and freedom is the greatest way to change, may you be rich and continue to help others.

  5. The next time I read a blog, I hope that it won’t fail me just as much as this one. I mean, Yes, it was my choice to read through, however I really believed you’d have something interesting to talk about. All I hear is a bunch of whining about something that you could possibly fix if you were not too busy searching for attention.

  6. Having read this I believed it was really informative. I appreciate you finding the time and energy to put this content together. I once again find myself spending a lot of time both reading and commenting. But so what, it was still worth it!

  7. After I initially left a comment I seem to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I recieve four emails with the exact same comment. There has to be a means you are able to remove me from that service? Many thanks.

  8. I needed to thank you for this very good read!! I definitely enjoyed every bit of it. I have you saved as a favorite to check out new things you post…

  9. Your style is unique compared to other folks I’ve read stuff from. Thanks for posting when you’ve got the opportunity, Guess I will just book mark this web site.

  10. That is a great tip especially to those fresh to the blogosphere. Simple but very accurate information… Many thanks for sharing this one. A must read article!

  11. Great web site you’ve got here.. It’s difficult to find excellent writing like yours these days. I honestly appreciate individuals like you! Take care!!

  12. I was pretty pleased to find this great site. I wanted to thank you for ones time for this particularly fantastic read!! I definitely appreciated every little bit of it and I have you saved to fav to check out new things in your web site.

  13. Having read this I thought it was extremely informative. I appreciate you spending some time and effort to put this content together. I once again find myself personally spending a lot of time both reading and posting comments. But so what, it was still worth it.

  14. I’m impressed, I have to admit. Seldom do I encounter a blog that’s equally educative and entertaining, and without a doubt, you’ve hit the nail on the head. The issue is something that too few people are speaking intelligently about. I’m very happy that I stumbled across this during my hunt for something relating to this.

  15. I’m very happy to uncover this great site. I wanted to thank you for ones time just for this wonderful read!! I definitely savored every part of it and i also have you saved as a favorite to see new information on your website.

  16. Hi! I could have sworn I’ve been to this website before but after going through a few of the articles I realized it’s new to me. Anyhow, I’m certainly delighted I found it and I’ll be bookmarking it and checking back often!

  17. Hey there! Do you know if they make any plugins to assist with SEO?

    I’m trying to get my site to rank for some targeted keywords but I’m
    not seeing very good gains. If you know of any please share.
    Thank you! You can read similar text here: Eco bij

  18. I wanted to thank you for this wonderful read!! I certainly enjoyed every bit of it. I have got you saved as a favorite to check out new stuff you post…

  19. You are so cool! I don’t think I have read anything like this before. So wonderful to discover another person with genuine thoughts on this topic. Seriously.. many thanks for starting this up. This website is one thing that is required on the internet, someone with a little originality.

  20. I’m amazed, I must say. Seldom do I come across a blog that’s both equally educative and entertaining, and without a doubt, you have hit the nail on the head. The problem is something that too few folks are speaking intelligently about. I am very happy that I found this in my hunt for something concerning this.

  21. Hi, I do think this is a great web site. I stumbledupon it 😉 I may come back once again since i have book-marked it. Money and freedom is the greatest way to change, may you be rich and continue to help other people.

  22. Hello there! This blog post couldn’t be written much better! Reading through this article reminds me of my previous roommate! He continually kept preaching about this. I am going to send this article to him. Fairly certain he’ll have a good read. I appreciate you for sharing!

  23. After going over a handful of the blog posts on your website, I truly appreciate your technique of writing a blog. I added it to my bookmark website list and will be checking back in the near future. Take a look at my web site too and tell me what you think.

  24. You made some decent points there. I looked on the internet to learn more about the issue and found most individuals will go along with your views on this site.

  25. I blog often and I seriously thank you for your information. This article has truly peaked my interest. I am going to bookmark your blog and keep checking for new details about once per week. I opted in for your RSS feed as well.

  26. Spot on with this write-up, I absolutely believe that this amazing site needs much more attention. I’ll probably be back again to read through more, thanks for the info.

  27. After I originally commented I seem to have clicked the -Notify me when new comments are added- checkbox and from now on each time a comment is added I recieve four emails with the exact same comment. There has to be a way you are able to remove me from that service? Kudos.

  28. Hello there! This article couldn’t be written much better! Reading through this article reminds me of my previous roommate! He always kept preaching about this. I’ll forward this post to him. Pretty sure he’ll have a very good read. Thank you for sharing!

  29. Your style is unique compared to other people I have read stuff from. I appreciate you for posting when you have the opportunity, Guess I will just book mark this blog.

  30. Excellent web site you have got here.. It’s difficult to find high quality writing like yours these days. I seriously appreciate individuals like you! Take care!!

  31. Everything is very open with a clear description of the challenges. It was truly informative. Your site is extremely helpful. Thanks for sharing!

  32. You made some good points there. I checked on the net to find out more about the issue and found most people will go along with your views on this web site.

  33. Howdy! I could have sworn I’ve visited this website before but after going through some of the articles I realized it’s new to me. Anyways, I’m certainly pleased I came across it and I’ll be bookmarking it and checking back regularly.

  34. Hi, I do think this is a great blog. I stumbledupon it 😉 I’m going to come back yet again since I saved as a favorite it. Money and freedom is the best way to change, may you be rich and continue to help other people.

  35. I seriously love your website.. Excellent colors & theme. Did you develop this site yourself? Please reply back as I’m hoping to create my very own website and would love to learn where you got this from or exactly what the theme is named. Thank you!

  36. I blog often and I really thank you for your information. Your article has truly peaked my interest. I’m going to book mark your website and keep checking for new information about once per week. I opted in for your RSS feed as well.

  37. I really love your site.. Excellent colors & theme. Did you build this amazing site yourself? Please reply back as I’m attempting to create my own personal site and would like to know where you got this from or exactly what the theme is named. Many thanks!

  38. I want to to thank you for this very good read!! I certainly loved every little bit of it. I have got you saved as a favorite to look at new things you post…

  39. I absolutely love your website.. Great colors & theme. Did you make this site yourself? Please reply back as I’m looking to create my own personal blog and would love to know where you got this from or just what the theme is named. Appreciate it.

  40. Spot on with this write-up, I honestly think this website needs a lot more attention. I’ll probably be back again to read through more, thanks for the info.

  41. May I simply say what a comfort to find an individual who really knows what they are discussing on the web. You certainly understand how to bring a problem to light and make it important. More people must read this and understand this side of the story. I was surprised you’re not more popular since you certainly have the gift.

  42. You made some decent points there. I looked on the web for additional information about the issue and found most individuals will go along with your views on this web site.

  43. After looking into a few of the blog articles on your blog, I really like your way of writing a blog. I saved it to my bookmark website list and will be checking back in the near future. Please check out my website too and let me know your opinion.

  44. An impressive share! I’ve just forwarded this onto a colleague who has been conducting a little research on this. And he actually ordered me lunch simply because I found it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending time to discuss this matter here on your blog.

  45. Hey there! I simply wish to give you a huge thumbs up for the excellent information you’ve got right here on this post. I will be returning to your website for more soon.

  46. Hi, I do believe this is a great site. I stumbledupon it 😉 I may return once again since I book marked it. Money and freedom is the best way to change, may you be rich and continue to help other people.

  47. Can I simply say what a comfort to discover somebody who genuinely knows what they are discussing on the net. You definitely know how to bring a problem to light and make it important. More people need to read this and understand this side of the story. I was surprised you aren’t more popular since you certainly possess the gift.

  48. Aw, this was an exceptionally good post. Taking a few minutes and actual effort to generate a really good article… but what can I say… I put things off a lot and don’t seem to get nearly anything done.

  49. You ought to be a part of a contest for one of the most useful websites online. I most certainly will highly recommend this website!

  50. Nice post. I learn something totally new and challenging on websites I stumbleupon every day. It’s always helpful to read through articles from other writers and practice something from their websites.

  51. Oh my goodness! Amazing article dude! Thank you, However I am having troubles with your RSS. I don’t know why I am unable to subscribe to it. Is there anybody having the same RSS problems? Anyone that knows the answer can you kindly respond? Thanx!

  52. Hello there! I could have sworn I’ve visited this blog before but after looking at a few of the articles I realized it’s new to me. Anyways, I’m certainly delighted I found it and I’ll be bookmarking it and checking back often.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like
46

Software Requirements Specification (SRS) for EMI Calculator

Software Requirements Specification (SRS) for EMI Calculator Introduction Purpose: The purpose of…
6

Software Requirements Specification (SRS) for Loan Tenure Calculator

Software Requirements Specification (SRS) for Loanecur Tenure Calculator Introduction Purpose: The purpose…
38 1

Software Requirements Specification (SRS) for Home Loan EMI Calculator

Software Requirements Specification (SRS) for Home Loan EMI Calculator Introduction Purpose: The…
38

Software Requirements Specification (SRS) for Car Loan EMI Calculator

Software Requirements Specification (SRS) for Car Loan EMI Calculator Introduction Purpose: The…