Computers and Technology, 22.09.2020 14:01, kmsg2000

Create class SavingsAccount. Use a static variable annualInterestRate to store the annual interest 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 annualInterestRate divided by 12—this interest should be added to savingsBalance. Provide a static method modifyInterestRate that sets the annualInterestRate 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 annualInterestRate to 4%, then calculate the monthly interest for each of 12 months and print the new balances for both savers. Next, set the annualInterestRate to 5%, calculate the next month’s interest and print the new balances for both savers.

Answers: 3

Show answers

Other questions on the subject: Computers and Technology

Computers and Technology, 22.06.2019 13:00, ajayfurlow

Which option should u select to ignore all tracked changes in a document

Answers: 1

continue

Computers and Technology, 22.06.2019 16:20, kimmmmmmy333

Octothorpe is another name for what common computer keyboard symbol?

Answers: 1

continue

Computers and Technology, 22.06.2019 21:00, jarrettashlyn

Write a method so that the main() code below can be replaced by the simpler code that calls method original main(): public class calcmiles { public static void main(string [] args) { double milesperhour; double minutestraveled; double hourstraveled; double milestraveled; milesprhour = scnr. nextdouble(); minutestraveled = scnr. nextdouble(); hourstraveled = minutestraveled / 60.0; milestraveled = hourstraveled * milesperhour; system. out. println("miles: " + milestraveled); } }

Answers: 2

continue

Computers and Technology, 24.06.2019 06:30, toolazytobehuman

Me and category do i put them in because this is science

Answers: 1

continue

Do you know the correct answer?

Create class SavingsAccount. Use a static variable annualInterestRate to store the annual interest r...