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Static Method Qs

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11 views3 pages

Static Method Qs

Uploaded by

eman063895
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Static method qs

public class SavingsAccount {

private static double annualInterestRate; // Static data member to store annual interest rate

private double savingsBalance; // Private data member indicating the balance of account

// Constructor

public SavingsAccount(double savingsBalance) {

this.savingsBalance = savingsBalance;

// Static method to modify the annual interest rate

public static void modifyInterestRate(double newRate) {

annualInterestRate = newRate;

// Method to calculate monthly interest and update savings balance

public void calculateMonthlyInterest() {

double monthlyInterest = (savingsBalance * annualInterestRate) / 12;

savingsBalance += monthlyInterest;

// Getter for savings balance

public double getSavingsBalance() {

return savingsBalance;

}
}

public class SavingsAccountTest {

public static void main(String[] args) {

// Instantiate two different objects of class SavingsAccount

SavingsAccount saver1 = new SavingsAccount(2000.00);

SavingsAccount saver2 = new SavingsAccount(3000.00);

// Set the annualInterestRate to 3 percent

SavingsAccount.modifyInterestRate(0.03);

// Calculate and print the new balances for each saver after one month

System.out.println("Monthly interest for saver1:");

saver1.calculateMonthlyInterest();

System.out.println("Updated balance: $" + saver1.getSavingsBalance());

System.out.println("Monthly interest for saver2:");

saver2.calculateMonthlyInterest();

System.out.println("Updated balance: $" + saver2.getSavingsBalance());

// Set the annualInterestRate to 4 percent

SavingsAccount.modifyInterestRate(0.04);

// Calculate and print the new balances for each saver after one more month

System.out.println("Monthly interest for saver1 after changing interest rate:");

saver1.calculateMonthlyInterest();
System.out.println("Updated balance: $" + saver1.getSavingsBalance());

System.out.println("Monthly interest for saver2 after changing interest rate:");

saver2.calculateMonthlyInterest();

System.out.println("Updated balance: $" + saver2.getSavingsBalance());

}}

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