Business, 20.12.2019 03:31 HannahW7024

Create class savingsaccount. use static variable annualinter-estrate to store the annual interest rate for all account holders. each object of the class contains a private instance variable savingsbalance indicating the amount the saver currently has on deposit. provide method calculatemonthlyinterest to calculate the monthly interest by multiplying the savingsbalance by annualinterestrate divided by 12- this interest should be added to savingsbalance. provide a static method modifyinterestrate that sets the annualinterestrate to a new value. write a program to test class savingsaccount. instantiate two savingsaccount objects, saver1 and saver2, with balances of $2000.00 and $3000.00, respectively. set annualinterestrate to 3%, then calculate the monthly interest for each of 12 months and show the new balances for both savers. next, set the annualinterestrate to 8%, calculate the next month's interest and show the new balances for both savers.

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Create class savingsaccount. use static variable annualinter-estrate to store the annual interest ra...

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