We want to code an example of compound interest. Prompt the user to input a starting balance and an interest rate. Compute the balance after 10 cycles using two methods. One, by computing the balance at each step. Two, by using the formula for compound interest. using simple python code

C++ Programming: From Problem Analysis to Program Design
8th Edition
ISBN:9781337102087
Author:D. S. Malik
Publisher:D. S. Malik
Chapter5: Control Structures Ii (repetition)
Section: Chapter Questions
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We want to code an example of compound interest. Prompt the user to input a starting balance and an interest rate. Compute the balance after 10 cycles using two methods.

One, by computing the balance at each step. Two, by using the formula for compound interest.

using simple python code

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