The code below defines a BankAccount class and a SavingsAcco…
Questions
The cоde belоw defines а BаnkAccоunt clаss and a SavingsAccount subclass that is intended to: Inherit from BankAccount Track a balance and an interest rate Include a method apply_interest() that increases the balance by the interest rate percentage, while also calling the parent's display_balance() method afterward Include a method is_wealthy() that returns True if the balance exceeds a given threshold However, the code contains multiple syntax and/or logical errors in both class definitions. Identify ALL errors by stating the line number, describing the problem, and the correction. Assume there are no indentation errors, and any slight difference in spacing will not affect the code. 1. class BankAccount:2. def __init__(self, owner, balance):3. self.owner = owner4. self.balance = balance5.6. def display_balance(self):7. print(f"{owner} has ${self.balance}")8.9. class SavingsAccount(BankAccount):10. def __init__(self, owner, balance, rate):11. super().__init__(owner)12. self.rate = rate13.14. def apply_interest(self):15. self.balance = self.balance + (self.balance * rate / 100)16. BankAccount.display_balance()17.18. def is_wealthy(self, threshold):19. return self.balance > threshold20. print("Wealth check done")21.22. acct = SavingsAccount("Alice", 1000, 5)23. acct.apply_interest()24. print(acct.is_wealthy(500))
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