Question
Create the class SavingsAccount. Use the static variable annualInterestRate to store the annual interest rate for all account holders. Each object of the class contains
Create the class SavingsAccount. Use the static variable annualInterestRate to store the annual interest rate for all account holders. Each object of the class contains a private instance variable savingsBalance, indicating the amout the saver currently has on deposit. Provide method CalculateMonthlyInterest to calculate the monthly interest by muliplying the savingsBalance by annualInterestRate divided by 12-this interest should be added to savingsBalance. Provide static method ModifyInterestRate to set the annnualInterestRate to a new value. Write a console app to test class SavingsAccount. Create two savingsAccount objects, saver1 and saver2, with balances of $2000.00 and $3000.00, respectively. Set annualInterestRate to 4%, then calculate the monthly interst and display the new balances for both savers. Then set the annualInterestRate to 5%, calculate the next month's interst and display the new balances for both savers.
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