Create a SavingsAccount class. Use a static data member annualInterestRate to store the annual interest rate for each of the savers. Each member of the class contains a private data member savingsBalance indicating the amount the saver currently has on deposit Provide member function calculateMonthlyInterest that calculates the monthly interest by multiplying the balance by annuallnterestRate divided by 12; this interest should be addec to savingsBalance. Provide a static member function modifylnterestRate that sets the static annualInterestRate to a new value. Write a driver program to test class SavingsAccount. Instantiate two different objects of class SavingsAccount, saverl and saver2, with balances of $2000.00 and $3000.00, respectively. Set the annualInterestRate to 3 percent. Then calculate the monthly interest and print the new balances for each of the savers. Then set the annuallnterestRate to 4 percent, calculate the next month's interest and print the new balances for each of the savers.

Create a SavingsAccount class. Use a static data member annualInterestRate to store the annual interest rate for each of the savers. Each member of the class contains a private data member savingsBalance indicating the amount the saver currently has on deposit Provide member function calculateMonthlyInterest that calculates the monthly interest by multiplying the balance by annuallnterestRate divided by 12; this interest should be addec to savingsBalance. Provide a static member function modifylnterestRate that sets the static annualInterestRate to a new value. Write a driver program to test class SavingsAccount. Instantiate two different objects of class SavingsAccount, saverl and saver2, with balances of $2000.00 and $3000.00, respectively. Set the annualInterestRate to 3 percent. Then calculate the monthly interest and print the new balances for each of the savers. Then set the annuallnterestRate to 4 percent, calculate the next month's interest and print the new balances for each of the savers.

C++ Programming: From Problem Analysis to Program Design

8th Edition

ISBN:9781337102087

Author:D. S. Malik

Publisher:D. S. Malik

Chapter11: Inheritance And Composition

Section: Chapter Questions

Problem 8PE

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