Question: Develop a SavingsAccount class. Use a static data member annualBonusRate to store the annual bonus rate for each of the savers ( i . e

Develop a SavingsAccount class. Use a static data member annualBonusRate to store the
annual bonus rate for each of the savers (i.e. objects).(Hint: declare static variable inside the
class but initialize it outside the class)
b) The class contains a private data member savingsBalance indicating the amount the saver
currently has on deposit.
c) Provide member function calculateMonthlyBonus that calculates the monthly bonus by
multiplying the savingsBalance by annualBonusRate divided by 12; this bonus should be
added to savingsBalance.
d) Provide a static member function modifyBonusRate that has a parameter and use it to set the
static annualBonusRate to a new value.
e) Write a driver program (containing main) to test class SavingsAccount.
Instantiate two different objects of class SavingsAccount, saver1 and saver2, with
balances of $2000.00 and $3000.00, respectively.
Set annualBonusRate to 3 percent only once.
Then calculate the monthly bonus and print the new balance for object, saver1.
Will the annualBonusRate be same for all objects? Explain your answer.

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