MYPROGRAMMINGLAB WITH PEARSON ETEXT
MYPROGRAMMINGLAB WITH PEARSON ETEXT
8th Edition
ISBN: 9780134225340
Author: Deitel
Publisher: PEARSON
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Chapter 17, Problem 17.20E

(SavingsAccount Class) 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 calculateMonthlylnterest that calculates the monthly interest by multiplying the savingsBalance by annualInterestRate divided by 12; this interest should be added 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 annualInterestRate to 4 percent, calculate the next month’s interest and print the new balances for each of the savers.

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