Hello. I am starting my 7th week of an intro to programming class and have
a problem I have been working on. My instructor said we could look for
source code on the internet and use it as long as we tailor it to fit the
problem at hand. I have not been able to attack this one with any kind of
success! Does anybody know of a URL that I can get a similar source code
for the following problem? Any help would be GREATLY appreciated. Thanks.
Create class SavingsAccount. Use static variable annualInterestRate to
store the annual interst rate for all account holders. Each object of the
class contains a "private" instance variable savingsBalance indicating the
amount the saver currently has on deposit. Provide method
calculateMonthlyInterest to calculate the monthly interest by multiplying
the savingsBalance by annualInterstRate divided by 12; this interest should
be added to savingsBalance. Provide a static method modifyInterstRate that
sets the annualInterstRate to a new value. Write a program to test class
SavingsAccount. Instantiate two savingsAccount objects, saver1 and saver2,
with balances of $2000.00 and $3000.00, respectively. Set annualInterstRate
to 4%, then calculate the monthly interest and print the new balances for
both savers. Then set the annualInterestRate to 5%, calculate the next
month's interest, and print the new balances for both savers.
--GM