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

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HowToThinkLikeAComputerScientist_LearningWithPython3_CSC_110.pdf
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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 »
previous | next | index
O Copyright 2011, Peter Wentworth, Jeffrey Elkner, Allen B. Downey and Chris Meyers. Created using Sphinx 1.0.7.
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 » previous | next | index O Copyright 2011, Peter Wentworth, Jeffrey Elkner, Allen B. Downey and Chris Meyers. Created using Sphinx 1.0.7.
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