Q1. 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 savings Balance by annualInterestRate divided by 12; this interest should be added to savings Balance. Provide a static member function modifyInterestRate that sets the static annualInterestRate to a new value(initial value should be set to zero). Write a driver program to test class Savings Account. Instantiate two different objects of class Savings Account, saver1 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.

Q1. 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 savings Balance by annualInterestRate divided by 12; this interest should be added to savings Balance. Provide a static member function modifyInterestRate that sets the static annualInterestRate to a new value(initial value should be set to zero). Write a driver program to test class Savings Account. Instantiate two different objects of class Savings Account, saver1 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.

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

Problem 1PE

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