I have been trying out some jQuery coding but doesn't seem to work. In the #vat input, I need the placeholder to change. 
    <select id="VatExpense">
        <option value="" disabled selected></option>
        <option value="0"></option>
        <option value="1"></option>
        <option value="0"></option>
        <option value="0"></option>
        <option value="1"></option>
    </select>
   <input type="text" id="vat" placeholder="Rate">
 
     
     
     
    