Create a class saving account

Assignment Help JAVA Programming
Reference no: EM132057229

Create a class Saving Account. 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 capability. Instantiate two savingsAccount objects, saver1 and saver2, with balances of TSh 20,000.00 and TSh 30,000.00,respectively. Set annualInterestRate 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.

Reference no: EM132057229

Questions Cloud

Files in java runtime environment : Why is it important to eliminate need to configure files in java runtime environment
Local running group held a one hour track event : A local running group held a one hour track event where people tried to comple.te as many miles as they could in one hour. The times were recorded
Different types of events : There are different types of events. So do you think that all events are equal?
Explain creational design pattern : Select a type of Creational Design Pattern, explain why you selected that particular pattern type.
Create a class saving account : Create a class Saving Account. Use a static variable annualInterestRate to store the annual interest rate for all account holders.
Store data between runs of the program : That way your program does not have run all the time and when your computer is rebooted the state of the data is preserved.
Disadvantages of sequential and random access files : What are the advantages and disadvantages of sequential and random access files?
Display the meal charge-tax amount-tip amount : The tip should be 15 percent of the total after adding the tax. Display the meal charge, tax amount, tip amount, and total bill on the screen.
Java program for configuring the installation : In the Windows control panel, you can find the Java program for configuring the installation.

Reviews

Write a Review

JAVA Programming Questions & Answers

  Write a program that uses a dynamic list of strings

Write a program that uses a dynamic list of strings to keep track of a list of chores that you have to accomplish today.

  Create a program that does runtime performance

Create a program that does runtime performance analysis of ArrayLists, TreeSets and HashSets.Add 100,000 random random integers ( 0 - 1,000,000 )Attempt to remove 10,000 random integers ( 0 - 1,000,000 )

  Implement the scan, c_scan, and look disk scheduling algo

The code must have a separate method for each scheduling algorithm and they all have to be called from the main() method.

  Populate a one-dimensional array

Populate a one-dimensional array with the following grades in this order: 93, 61, 72, 45, 84, 51, 70, 83, 96, and 66. Use a loop to call a method from main() that adds

  What method do you use to set the location of a frame

Write a program that converts US dollars into Canadian dollars, as shown in the following figure. The program let the user enter an amount in US dollars and display it equivalent value in Canadian dollars when clicking the Convert button.

  Write a program that determines the day of the week

You are to write a program that determines the day of the week for New Year's Day in the year 3000. To do this, you must create your own date class (MyDate) and use the following interface and main program.

  Online shopping cart program using classes

Online shopping cart (Java) program using classes - prompt the user for two items and create two objects of the ItemToPurchase class

  Use data structures and algorithm to implement search engine

For the URLs in the keyword list, sort them by either the number of times the keyword appearing in the pages or the popularity of the pages.

  Build an ms paint like application in java called jpaint

You need to build an MS Paint like application in Java called JPaint - Implement strategy pattern for Triangle, Rectangle and Ellipse classes

  Describe a multidimensional array

Describe a multidimensional array for a summer camp, the first array would be the number of kids say 30, then it would break them up by ages 6-9 (4 different groups) and lastly by sex m or f.

  Polymorphism concepts

Explain polymorphism concepts in java

  Demonstrate the class in a program that contains car object

Demonstrate the class in a program that contains a Car object, and then calls the accelerate method five times. After each call to the accelerate method.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd