10:09:00 AM
/* Create a class SavingsAccount. Use a 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 amount the saver currently has ondeposit. 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 the class SavingsAccount. Instantiate two SavingsAccount objects, saver1 and saver2, with balances of Rs2000.00 and Rs3000.00, respectively. Set annualInterestRate to 4%, then calculate the monthly interest and print the new balances for both savers. Set the annualInterestRate to 5%, calculate the next month’s interest and print the new balances for both savers. */
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