12

Software Requirements Specification (SRS) for Savings Account Interest Calculator

Introduction

Purpose:

The purpose of this document is to define the requirements for the development of a Savings Account Interest Calculator. This web-based application aims to calculate the interest earned on savings account balances over a specified period.

Scope:

The Savings Account Interest Calculator will provide users with an interface to input details such as the initial savings account balance, interest rate, and duration. The application will calculate and display the interest earned over the specified period.

System Overview

System Description:

The system will be a client-server application. Users will access the Savings Account Interest Calculator through a web browser. The server will handle the logic for interest calculations.

System Architecture:

The application will follow a three-tier architecture: presentation layer (client-side browser), application layer (server-side processing), and data layer (storage and retrieval of data).

Functional Requirements

Use Cases:

Calculate Savings Account Interest:

  • Users can input details such as initial savings account balance, interest rate, and duration.
  • The system will calculate and display the interest earned on the savings account balance over the specified period.

Functional Requirements:

Input:

The system shall allow users to enter the following details:

  • Initial Savings Account Balance (Decimal)
  • Annual Interest Rate (Decimal)
  • Duration (in months or years)

Calculation:

  • The system shall calculate the interest earned on the savings account balance based on standard parameters and user-input details.

Output:

  • The system shall display the calculated interest earned to the user.

External Interface Requirements

User Interfaces:

  • The user interface shall consist of input fields for the initial savings account balance, annual interest rate, and duration, along with a “Calculate” button.
  • The calculated interest earned shall be displayed prominently.

Hardware Interfaces:

The system should be compatible with standard computing hardware.

Software Interfaces:

  • The application will be developed using HTML, CSS, and JavaScript for the frontend.
  • The backend can be implemented using a server-side framework (e.g., Node.js, Django) with a database for data storage.

Communication Interfaces:

The application will communicate with the server for interest calculations.

Performance Requirements

Response Time:

The system should provide a response time of under 3 seconds for a typical user input.

Throughput:

The application should handle at least 50 simultaneous users.

System Constraints

Regulatory Requirements:

The application should comply with relevant financial regulations.

Hardware Limitations:

The system should be compatible with devices supporting standard web browsers.

Security Requirements

Authentication:

User authentication may be implemented for personalized features.

Data Protection:

User data, if stored, should be securely protected.

Quality Attributes

Reliability:

The application should provide accurate interest calculations based on the entered details.

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 scenarios with different initial savings account balances, interest rates, and durations to ensure accurate interest calculations.

Test Case 1:

  • Inputs: Initial Savings Account Balance = 10,000 INR, Annual Interest Rate = 3%, Duration = 12 months.
  • Expected Output: Interest Earned ≈ 300 INR.

Test Case 2:

  • Inputs: Initial Savings Account Balance = $5,000, Annual Interest Rate = 2.5%, Duration = 24 months.
  • Expected Output: Interest Earned ≈ $255.

Test Case 3:

  • Inputs: Initial Savings Account Balance = 20,000 INR, Annual Interest Rate = 4%, Duration = 6 months.
  • Expected Output: Interest Earned ≈ 400 INR.

Acceptance Criteria:

The application is considered successful if it produces correct interest calculations based on the provided details.

Project Timeline

Milestones:

Design, Development, Testing, Deployment.

Development Phases:

Frontend development, Backend development, Testing, Deployment.

Glossary

None

Database Structure

Tables:

SavingsAccountInterest_Calculator_Records:

  • RecordID (Primary Key, Auto-increment)
  • InitialSavingsAccountBalance (Decimal)
  • AnnualInterestRate (Decimal)
  • Duration (Integer)
  • InterestEarned (Decimal)
  • CalculationDate (DateTime)

Conclusion

This SRS document outlines the requirements for the Savings Account Interest Calculator. It serves as a guide for the development team and ensures that the application meets the specified criteria. Review and approval by relevant stakeholders are essential before proceeding with the development phase.

86 comments
  1. Great post and straight to the point. I am not sure if this
    is actually the best place to ask but do you folks have any thoughts on where to employ some professional writers?
    Thanks in advance 🙂 Lista escape room

  2. I was studying some of your posts on this website and I believe this
    internet site is rattling informative! Continue posting..

  3. Aw, this was a very nice post. Taking the time and actual effort to make a great article… but what can I say… I hesitate a lot and don’t seem to get anything done.

  4. An outstanding share! I’ve just forwarded this onto a coworker who had been conducting a little research on this. And he actually bought me breakfast due to the fact that I found it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanks for spending the time to discuss this topic here on your web page.

  5. This is the right web site for anyone who wants to understand this topic. You know a whole lot its almost tough to argue with you (not that I actually will need to…HaHa). You certainly put a fresh spin on a topic that has been written about for many years. Wonderful stuff, just excellent.

  6. Next time I read a blog, Hopefully it doesn’t disappoint me as much as this one. After all, Yes, it was my choice to read, but I actually believed you would have something helpful to say. All I hear is a bunch of complaining about something you could possibly fix if you weren’t too busy searching for attention.

  7. After I initially left a comment I appear to have clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get 4 emails with the same comment. Is there an easy method you are able to remove me from that service? Many thanks.

  8. You’ve made some good points there. I looked on the internet for more information about the issue and found most people will go along with your views on this web site.

  9. The next time I read a blog, Hopefully it won’t disappoint me as much as this particular one. I mean, I know it was my choice to read, nonetheless I really believed you would have something helpful to talk about. All I hear is a bunch of whining about something that you can fix if you weren’t too busy searching for attention.

  10. Howdy! I could have sworn I’ve been to your blog before but after looking at many of the posts I realized it’s new to me. Regardless, I’m definitely pleased I stumbled upon it and I’ll be book-marking it and checking back regularly.

  11. An impressive share! I’ve just forwarded this onto a coworker who was doing a little research on this. And he actually ordered me dinner simply because I stumbled upon it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanx for spending some time to discuss this matter here on your blog.

  12. Can I simply just say what a relief to uncover an individual who really knows what they are discussing over the internet. You definitely know how to bring a problem to light and make it important. A lot more people have to read this and understand this side of your story. I was surprised you are not more popular because you surely possess the gift.

  13. I would like to thank you for the efforts you have put in penning this blog. I am hoping to view the same high-grade content from you in the future as well. In fact, your creative writing abilities has encouraged me to get my own, personal blog now 😉

  14. Nice post. I learn something totally new and challenging on websites I stumbleupon every day. It’s always useful to read content from other writers and use a little something from their sites.

  15. An intriguing discussion is worth comment. There’s no doubt that that you should publish more about this subject, it might not be a taboo subject but generally folks don’t discuss these subjects. To the next! Many thanks!

  16. Right here is the right website for anyone who wishes to find out about this topic. You realize a whole lot its almost hard to argue with you (not that I actually will need to…HaHa). You definitely put a new spin on a topic that has been written about for ages. Wonderful stuff, just wonderful.

  17. When I originally left a comment I seem to have clicked on 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 same comment. There has to be a means you can remove me from that service? Thank you.

  18. Howdy! I could have sworn I’ve been to this web site before but after looking at some of the articles I realized it’s new to me. Regardless, I’m certainly happy I stumbled upon it and I’ll be book-marking it and checking back frequently!

  19. Hi there! Do you know if they make any plugins to help with
    Search Engine Optimization? I’m trying to get my website to
    rank for some targeted keywords but I’m not seeing very good
    results. If you know of any please share. Many thanks!
    I saw similar art here: Warm blankets

  20. Hi, I do believe this is an excellent site. I stumbledupon it 😉 I’m going to revisit yet again since I bookmarked it. Money and freedom is the best way to change, may you be rich and continue to guide others.

  21. An interesting discussion is worth comment. I do believe that you should publish more on this subject, it may not be a taboo subject but usually people do not discuss such topics. To the next! Best wishes.

  22. I’d like to thank you for the efforts you have put in penning this site. I’m hoping to view the same high-grade blog posts by you in the future as well. In truth, your creative writing abilities has motivated me to get my own, personal site now 😉

  23. Right here is the perfect blog for anybody who really wants to understand this topic. You realize so much its almost tough to argue with you (not that I really will need to…HaHa). You certainly put a new spin on a subject which has been discussed for a long time. Excellent stuff, just excellent.

  24. Hi, I do think this is an excellent web site. I stumbledupon it 😉 I’m going to come back once again since I bookmarked it. Money and freedom is the best way to change, may you be rich and continue to help others.

  25. Good day! I could have sworn I’ve visited your blog before but after browsing through a few of the posts I realized it’s new to me. Anyways, I’m certainly happy I stumbled upon it and I’ll be book-marking it and checking back regularly.

  26. Hello! I simply want to give you a big thumbs up for the great information you have here on this post. I’ll be coming back to your blog for more soon.

  27. Greetings, I do think your website could be having web browser compatibility issues. When I look at your site in Safari, it looks fine however, if opening in IE, it’s got some overlapping issues. I merely wanted to provide you with a quick heads up! Other than that, great blog.

  28. Good day! I simply want to give you a huge thumbs up for the excellent info you’ve got right here on this post. I am coming back to your web site for more soon.

  29. Howdy! This blog post couldn’t be written much better! Going through this post reminds me of my previous roommate! He continually kept preaching about this. I most certainly will send this information to him. Fairly certain he’s going to have a great read. I appreciate you for sharing!

  30. An impressive share! I have just forwarded this onto a friend who has been conducting a little research on this. And he in fact bought me lunch due to the fact that I stumbled upon it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending the time to discuss this subject here on your site.

  31. An impressive share! I’ve just forwarded this onto a coworker who was conducting a little research on this. And he actually ordered me lunch because I discovered it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanx for spending the time to talk about this issue here on your blog.

  32. The next time I read a blog, Hopefully it does not disappoint me just as much as this particular one. I mean, I know it was my choice to read, but I truly believed you would probably have something helpful to say. All I hear is a bunch of whining about something you could possibly fix if you weren’t too busy looking for attention.

  33. Spot on with this write-up, I absolutely think this site needs far more attention. I’ll probably be back again to see more, thanks for the info.

  34. I blog frequently and I truly appreciate your content. This article has really peaked my interest. I’m going to bookmark your blog and keep checking for new information about once per week. I subscribed to your RSS feed too.

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…
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…
6

Software Requirements Specification (SRS) for Loan Tenure Calculator

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