Let's Analyze: Laboratory Activity 4 mutt and loop statements Performance Task: Develop a Python program for computing the month-by-month balance in your savings account. You can make one transaction-a deposit or a withdrawal each month. Interest is added to the account at the beginning of each month. The monthly interest rate is the yearly percentage rate divided by 12. Use if and loop statements for this activity. Use the following formula: yearlyRate=0.025 balance = balance+(vearlyRate / 12) * balance

C++ for Engineers and Scientists
4th Edition
ISBN:9781133187844
Author:Bronson, Gary J.
Publisher:Bronson, Gary J.
Chapter1: Fundamentals Of C++ Programming
Section1.3: Preliminary Three: Software Development
Problem 6E
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Sample Output:
[d] - Deposit
[w] – Withdrawal
[x] - Exit
Option: d
Beginning of Month Balance: 0.0
Enter deposit amount.
: 5000
Balance after transaction.
: 5000.0
[d) - Deposit
[w] – Withdrawal
[x] - Exit
Option: d
Beginning of Month Balance: 5010.42
Enter deposit amount.
Balance after transaction. : 8010.42
: 3000
[d] - Deposit
[w] – Withdrawal
[x] - Exit
Option: w
Beginning of Month Balance: 8027.10
Enter withdrawal amount. : 2000
Balance after transaction. : 6027.10
[d] – Deposit
[w] – Withdrawal
[x] - Exit
Option: x
Beginning of Month Balance: 6039.66
Balance after transaction. : 6039.66
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Transcribed Image Text:Sample Output: [d] - Deposit [w] – Withdrawal [x] - Exit Option: d Beginning of Month Balance: 0.0 Enter deposit amount. : 5000 Balance after transaction. : 5000.0 [d) - Deposit [w] – Withdrawal [x] - Exit Option: d Beginning of Month Balance: 5010.42 Enter deposit amount. Balance after transaction. : 8010.42 : 3000 [d] - Deposit [w] – Withdrawal [x] - Exit Option: w Beginning of Month Balance: 8027.10 Enter withdrawal amount. : 2000 Balance after transaction. : 6027.10 [d] – Deposit [w] – Withdrawal [x] - Exit Option: x Beginning of Month Balance: 6039.66 Balance after transaction. : 6039.66 Thank you for Banking with us...
Let's Analyze: Laboratory Activity 4 mult and loop statements
Performance Task: Develop a Python program for computing the month-by-month
balance in your savings account. You can make one transaction-a deposit or a withdrawal
each month. Interest is added to the account at the beginning of each month. The monthly
interest rate is the yearly percentage rate divided by 12. Use if and loop statements for
this activity.
Use the following formula: yearlyRate=0.025
balance = balance+(yearlyRate / 12) * balance
Transcribed Image Text:Let's Analyze: Laboratory Activity 4 mult and loop statements Performance Task: Develop a Python program for computing the month-by-month balance in your savings account. You can make one transaction-a deposit or a withdrawal each month. Interest is added to the account at the beginning of each month. The monthly interest rate is the yearly percentage rate divided by 12. Use if and loop statements for this activity. Use the following formula: yearlyRate=0.025 balance = balance+(yearlyRate / 12) * balance
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