Create a Python program named test3-1.py (using a for loop] no functions are needed Your program should Compute an investment report by doing the following: 1. The inputs are: o starting investment amount o number of years o interest rate (an integer percent) 2. The report is displayed in tabular form with a header (see output below) 3. Computations and outputs: o For each year o compute the interest amount and add it to the investment amount for that year o print a formatted row of results for that year 4. The total investment and interest earned are also displayed.

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
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Create a Python program named test3-1.py [using a for loop] no functions are needed
Your program should Compute an investment report by doing the following:
1. The inputs are:
o starting investment amount
o number of years
o interest rate (an integer percent)
2. The report is displayed in tabular form with a header (see output below)
3. Computations and outputs:
o For each year
o compute the interest amount and add it to the investment amount for that year
o print a formatted row of results for that year
4. The total investment and interest earned are also displayed.
Output Example:
Enter the investment amount: 2500
Enter the number of years: 3
Enter the rate as a %: 5
Year Starting balance Interest
Ending balance
1.
2500.00
125.00
2625.00
2
2625.00
131.25
2756.25
3
2756.25
137.81
2894.06
Ending balance:
$2894.06
Total interest earned: $394.06
Transcribed Image Text:Create a Python program named test3-1.py [using a for loop] no functions are needed Your program should Compute an investment report by doing the following: 1. The inputs are: o starting investment amount o number of years o interest rate (an integer percent) 2. The report is displayed in tabular form with a header (see output below) 3. Computations and outputs: o For each year o compute the interest amount and add it to the investment amount for that year o print a formatted row of results for that year 4. The total investment and interest earned are also displayed. Output Example: Enter the investment amount: 2500 Enter the number of years: 3 Enter the rate as a %: 5 Year Starting balance Interest Ending balance 1. 2500.00 125.00 2625.00 2 2625.00 131.25 2756.25 3 2756.25 137.81 2894.06 Ending balance: $2894.06 Total interest earned: $394.06
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