How do you do this?? 5. The formula for computing the final amount if one is earning compound interest is given onWikipedia ascalculatingnumber of yearsntA = P(1+%3DAmountWhere,Annual nonmi nal interestrate as adecimalcompounde d per year• P= principal amount (initial investment)• r= annual nominal interest rąte (as a decimal)COcCurs unce.every years•n=number of times the interest is compounded per year• t = number of yearsP= 10000Pミ12= 0.08Write a Python program that assigns the principal amount of R10000 to variable p, assign to nthe value 12, and assign to r the interest rate of 8%. Then have the program prompt the user forthe number of months t that the money will be compounded for. Calculate and print the finalamount after t months.t= int cinput ("What is the number ok monththat the morey will be Compoundedfor ?")low tThinl+h Duth

Here I have taken input from the user and stored it into a variable. Next, I have converted the…

5. The formula for computing the final amount if one is earning compound interest is given on Wikipedia as calculating number ot years nt e A = P(1+-) Amount Where, number of times the interest i compounde d per year Annual nonmi nal interest rate as adecimal • P = principal amount (initial investment) • r= annual nominal interest rąte (as a decimal) (OCcurs, oncE every yers • n=number of times the'interest is compounded per year • t = number of years P= 10000 Pミ12 E 0.08 Write a Python program that assigns the principal amount of R10000 to variable p, assign to n the value 12, and assign to r the interest rate of 8%. Then have the program prompt the user for the number of months t that the money will be compounded for. Calculate and print the final amount after t months. t= int cinput c"what is the number Ok month that the morey will be Compounded for ?")