#### by using JAVA

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 12this interest should be added to savings-Balance.
• 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 months interest and print the new balances for both savers.