Create the class TopherAccount. Use the static read-write property AnnualInterestRate to store the annual interest rate for all account holders. Each object of the class contains a property TopherBalance, indicating the amount the client currently has on deposit. Provide method CalculateMonthlyInterest to calculate the monthly interest by multiplying the TopherBalance by AnnualInterestRate divided by 13—this interest should be added to TopherBalance. Write an app to test class TopherAccount. Create two TopherAccount objects, cliet1 and client2, with balances of $3400.00 and $4300.00, respectively. Set AnnualInterestRate to 4%, then calculate the monthly interest and display the new balances for both clients. Then set the AnnualInterestRate to 5%, calculate the next month’s interest and display the new balances for both clients.

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
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Create the class TopherAccount. Use the static read-write property AnnualInterestRate to store the annual interest rate for all account holders. Each object of the class contains a property TopherBalance, indicating the amount the client currently has on deposit. Provide method CalculateMonthlyInterest to calculate the monthly interest by multiplying the TopherBalance by AnnualInterestRate divided by 13—this interest should be added to TopherBalance. Write an app to test class TopherAccount. Create two TopherAccount objects, cliet1 and client2, with balances of $3400.00 and $4300.00, respectively. Set AnnualInterestRate to 4%, then calculate the monthly interest and display the new balances for both clients. Then set the AnnualInterestRate to 5%, calculate the next month’s interest and display the new balances for both clients.

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