Create class savingsaccount


8.6 (Savings Account Class) Create class SavingsAccount. Use a static variable annual Interest Rate to store the annual interest rate for all account holders. Each object of the class contains a private instance variable savings Balance indicating the amount the saver currently has on deposit. Provide method calculate Monthly Interest to calculate the monthly interest by multiplying the savings Balance by annualInterestRate divided by 12-this interest should be added to savings-Balance. Provide a static method modifyInterestRate that sets the annual Interest Rate 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 and print the new balances for both savers. Then set the annual Interest Rate to 5%, calculate the next month's interest and print the new balances for both savers. 

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Basic Computer Science: Create class savingsaccount
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