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Write a python program that will continuously ask the user for inputs to calculate interest earned until the user enters a number 0 (zero) in principle. Once the user enters any number less than or equal to 0 in principle, the program will exit. The program should use while loop to ask the user for inputs.  Assume the following variables: p is the initial principle balance r is the annual interest rate n is the amount of times the interest compounds in a year t is the number of years To calculate balance the formula used should be: total = p*(1+float(r/100)/n)**(n*t) interest = total - p Program should look like the example given

Write a python program that will continuously ask the user for inputs to calculate interest earned until the user enters a number 0 (zero) in principle. Once the user enters any number less than or equal to 0 in principle, the program will exit. The program should use while loop to ask the user for inputs.  Assume the following variables: p is the initial principle balance r is the annual interest rate n is the amount of times the interest compounds in a year t is the number of years To calculate balance the formula used should be: total = p*(1+float(r/100)/n)**(n*t) interest = total - p Program should look like the example given

Computer Networking: A Top-Down Approach (7th Edition)
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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Write a python program that will continuously ask the user for inputs to calculate interest earned until the user enters a number 0 (zero) in principle. Once the user enters any number less than or equal to 0 in principle, the program will exit. The program should use while loop to ask the user for inputs. 

Assume the following variables:

  • p is the initial principle balance
  • r is the annual interest rate
  • n is the amount of times the interest compounds in a year
  • t is the number of years

To calculate balance the formula used should be:

  • total = p*(1+float(r/100)/n)**(n*t)
  • interest = total - p

Program should look like the example given.

Enter the starting principal, 0 to quit: 12000 Enter the annual interest rate : 1.95 How many times per year is the interest compounded? 365 For how many years will the account earn interest? 2 At the end of 2.0 years you will have $ 12,477.23 with interest earned $ 477.23 Enter the starting principal, 0 to quit: 3000 Enter the annual interest rate : 1.89 How many times per year is the interest compounded? 1 For how many years will the account earn interest? 1 At the end of£ 1.0 years you will have $ 3,056.70 with interest earned $ 56.70 Enter the starting principal, 0 to quit: 0 Program existing ....
Transcribed Image Text:Enter the starting principal, 0 to quit: 12000 Enter the annual interest rate : 1.95 How many times per year is the interest compounded? 365 For how many years will the account earn interest? 2 At the end of 2.0 years you will have $ 12,477.23 with interest earned $ 477.23 Enter the starting principal, 0 to quit: 3000 Enter the annual interest rate : 1.89 How many times per year is the interest compounded? 1 For how many years will the account earn interest? 1 At the end of£ 1.0 years you will have $ 3,056.70 with interest earned $ 56.70 Enter the starting principal, 0 to quit: 0 Program existing ....
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