12. Program 10bjective: mathematical operators,multiple operations, output, and inputSuppose(l need answer for this in python) you have $200 you want to save each month. Also, suppose that the credit union youdeposit the money with has an interest rate of 1.1%. What we want to do is calculate thebalance after three months.We know that the interest rate each month is.011/12 or.00092 (rounded)After One Month200*(1+.00092)= 200.18After Two Months(200+ 200.18)*(1 +.00092)= 400.55After Three Months(200+400.55)*(1 +.00092)= 601.10Now write a program which will accept any monthly savings amount, any yearly interest rate andthen calculates the balance after 6 months.ExampleEnter the monthly savings amount: 100Enter the yearly interest rate: 5After 6 months the account balance is 608.81
12. Program 10bjective: mathematical operators,multiple operations, output, and inputSuppose(l need answer for this in python)
you have $200 you want to save each month. Also,
suppose that the credit union youdeposit the
money with has an interest rate of 1.1%. What we
want to do is calculate thebalance after three
months.We know that the interest rate each month is.011/12 or.00092 (rounded)After One Month200*(1+.00092)= 200.18After Two Months(200+
200.18)*(1 +.00092)= 400.55After Three
Months(200+400.55)*(1 +.00092)= 601.10Now
write a program which will accept any monthly
savings amount, any yearly interest rate andthen
calculates the balance after 6
months.ExampleEnter the monthly savings amount:
100Enter the yearly interest rate: 5After 6 months
the account balance is 608.81
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