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PRG 410 Week 4 Savings Account Program

PRG 410 Week 4 Savings Account Program

You are now working for a bank, and one of your first projects consists of developing an application to manage savings accounts.

Create a C++ program that does the following:




Creates a SavingsAccountclass


Uses a static data member, annualInterestRate, to store the annual interest rate for each of the savers


Ensures each member of the class contains a private data member, savingsBalance, indicating the amount the saver currently has on deposit


Develops a member function, calculateMonthlyInterest, to calculate the monthly interest by multiplying the savingsBalanceby annualInterestRatedivided by 12; this interest should then be added to savingsBalance


Develops a static member function,modifyInterestRate, that sets the static annualInterestRate to a new value


Instantiates two different objects of class SavingsAccount, Firstsaverand Secondsaver, with balances of $1000.00 and $2000.00, respectively; set the annualInterestRate to 2 percent


Calculates the monthly interest and prints the new balances for each of the savers


Sets the annualInterestRateto 3 percent, calculates the next month’s interest, and prints the new balances for each of the savers



Include the proper header and make sure you properly comment your program. Also, make sure you use proper coding conventions.

Compress all your Microsoft® Visual Studio® source code files from the console application folder into a ZIP file.

Submit your assignment.

You will get a ZIP (2MB) file

$ 12.00

$ 12.00

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