value) Suppose you save $100 each month into a savings account with an annual interest rate of 5%. Therefore, the monthly interest rate is 0.05/12=0.00417. After the first month, the value in the account becomes 100 * (1 + 0.00417) = 100.417 After the second month, the value in the account becomes (100 + 100.417) * (1 + 0.00417) = 201.252 After the third month, the value in the account becomes (100 + 201.252) * (1 + 0.00417) = 302.507 and so on.Write a program that prompts the user to enter a monthly saving amount and displays the account value after the sixth month. Here is a sample run of the program:
Max Function
Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.
Power Function
A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:
value) Suppose you save $100 each month into a savings account with an annual interest rate of 5%. Therefore, the monthly interest rate is 0.05/12=0.00417. After the first month, the value in the account becomes
100 * (1 + 0.00417) = 100.417
After the second month, the value in the account becomes
(100 + 100.417) * (1 + 0.00417) = 201.252
After the third month, the value in the account becomes
(100 + 201.252) * (1 + 0.00417) = 302.507
and so on.
Write a
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 2 images
