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
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
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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Transcribed Image Text:HowToThinkLikeAComputerScientist_LearningWithPython3_CSC_110.pdf
UO 5%14
Q
5. The formula for computing the final amount if one is earning compound interest is given on
Wikipedia as
calculating.
principenl amotnt: intialinuestment
number of years
nt
A = P(1+
Amount
Where,
number of times the interest is
compounde d per year
A nnual nomi nal interest
rate as adecimal
• P = principal amount (initial investment)
•r= annual nominal interest rąte (as a decimal)
COccurs, once every years
•n= number of times the interest is compounded per year
• t = number of years
P= 10000
Pミ12
「こ o.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.
い
t= int Cin put c"What is the number of month
that the movey will be Compounded
for?")
ow to Think Like a Computer Scientist: Learning with Python 3 »
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